Income from salary
This query is : Resolved
17 May 2014
Free Telephone at Residence of employee by employer.
IS this taxable or not??
in the heads of income from salary..
IS this taxable or not??
in the heads of income from salary..
17 May 2014
Is it allowance or reimbursement by employer?
17 May 2014
Anything not mentioned in the question.
for your reference Refer RTP Nov.2010 BY ICAI.
I know that If it is Allowance then it is fully taxable
&
If it it is Reimbursement or Paid then also it is fully Taxable.
for your reference Refer RTP Nov.2010 BY ICAI.
I know that If it is Allowance then it is fully taxable
&
If it it is Reimbursement or Paid then also it is fully Taxable.
17 May 2014
Then what is the query if u know.
Well, u can convey ur thanks by hitting the thanks button.
Well, u can convey ur thanks by hitting the thanks button.
Message likes :
1 times
17 May 2014
but in the question their is a word use "free" it means non monetary perquisite.
I think it is taxable but in the institute suggested solution it was consider as not chargeable to tax.
this is my query .....
I think it is taxable but in the institute suggested solution it was consider as not chargeable to tax.
this is my query .....
17 May 2014
Electric Bill is exempted but telephone bill is taxable. U must inquire from ur friends also. But it is taxable as per me.
17 May 2014
dear sir
see my question once again,
m nt mentioned telephone bill
in my question it is only Telephone
& As per my knowledge if electric bill is paid or reimburesed by emplyr thn it is fully taxable because it is monetary perqste.
see my question once again,
m nt mentioned telephone bill
in my question it is only Telephone
& As per my knowledge if electric bill is paid or reimburesed by emplyr thn it is fully taxable because it is monetary perqste.
17 May 2014
if their is a free or facility of electricity
thn it is exempt but if employee is specified
thn it is taxable for him.
thn it is exempt but if employee is specified
thn it is taxable for him.
17 May 2014
Look I suggested u. And if u do not believe then wait for other experts or u can do as u want.
18 May 2014
it wont be taxable even if used for personal use....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- F&O reporting in ITR
- CAPITAL GAIN REDEVELOPED FLAT
- TDS refund Indemnity Bond
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Error in uploading Form 10BD
- Itr processing refund
- Loss of interest in PF transfer from EPFO to Trust
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
