Meal Cards
This query is : Resolved
30 March 2010
Hi, The recent amendments in perquisites on the Food & Beverages say that if they are paid through Non-transferrable Vouchers during office hours, then, they are exempt.
Now, does this Rule apply to the Amounts paid through Electronic Meal Cards issued by the Banks ? It will be great if I can get the response at the earliest.
Thank you a lot for your support.
Raghu.
Now, does this Rule apply to the Amounts paid through Electronic Meal Cards issued by the Banks ? It will be great if I can get the response at the earliest.
Thank you a lot for your support.
Raghu.
30 March 2010
yes.It is applicable Rs.50 per meal is exempted.Circualr No.15/2001.mentioning says expenditure on provision on free meals so free meals covered eletronic meal cards also
30 March 2010
Thank you a lot for this quick Reply
Raghu
Raghu
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
- CLOSING STOCK QUERY
- ITR-Capital Gain
- Taxation on Old jewellery sold
- Reporting in TDS return
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- F&O reporting in ITR
- Loss of interest in PF transfer from EPFO to Trust
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- PF wage ceiling
- 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
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
