Reimbursement of expenses
This query is : Resolved
19 September 2009
With the abolition of FBT, if the employer reimburses the costs of news papers, magazines and periodicals will it become taxable perquisites in the hands of employee?
19 September 2009
So long as the magazines and periodicals relate to the industry of the employer then it will not be taxed as perquisite otherwise it will be treated as perquisite.
20 September 2009
agree
20 September 2009
agree
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