Perquisites u/s17(2)
This query is : Resolved
C.A Sandeep J Nambiar
(Querist)
09 September 2010
My father recvd Rs.24000/- from his employer towards reimbursement of medical expenses incurred by him . I wanted to clarify that whether tax will only be on Rs.9000/-(24000-15000) or on Rs.24000/- entirely as the wordings of the section says that "not exceeding Rs.15000/-" . I am sure that it is only on Rs.9000/-, but I wanted to have some legal backing or source i.e (Example illustrated in any book which can be accepted by the employer) . Can anyone provide me with the source ?
09 September 2010
Pl see example 3 in CBDT Circular N0. 9/2008 dated 29/09/2008 in www.incometaxindia.gov.in
NISHIT A. DOSHI
(Expert)
10 September 2010
Hi,
You have to pay tax only on 9000 Rs.
REGARDS,
NISHIT DOSHI
You have to pay tax only on 9000 Rs.
REGARDS,
NISHIT DOSHI
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