Reimbursement from employer
This query is : Resolved
CA Jaspreet Singh
(Querist)
11 January 2010
If an employee is taking some amount from his employer and showing it as reimbursemnt, whether it will be taxable u/h salary or will be exempt.
If exempt pls, specify the section.
Thanks
If exempt pls, specify the section.
Thanks
CA Tilak Raj Sharma
(Expert)
11 January 2010
Re-imbursement of office expenses will be exempt in the hands of employee. It is an busines exp. of employer.
CMA Ramesh Krishnan
(Expert)
12 January 2010
Reimbursement expenses for personal expenes taxable in the hands of employees otherwise exempted
CA Ravi Sisodia
(Expert)
12 January 2010
Agree with both Experts.
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