Reimbursement of expenses on computer
This query is : Resolved
24 September 2021
Dear sir,
I need advise on following transaction under income tax act.
We are asking our employee to buy computer or laptop at their own cost. it is not fixed assets of the company.
company is paying around 2000 pm as reimbursement of expenses towards maintenance of the same for 4 year.
whether it is allowable deduction for company or it should be added to employee salary.
I need advise on following transaction under income tax act.
We are asking our employee to buy computer or laptop at their own cost. it is not fixed assets of the company.
company is paying around 2000 pm as reimbursement of expenses towards maintenance of the same for 4 year.
whether it is allowable deduction for company or it should be added to employee salary.
24 September 2021
It's an allowable deduction for the company, as the laptop is used for the business of the company.
24 September 2021
It can't be added to employees salary as laptops used for official work.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Reporting of STCG on Property in ITR
- ITR-4 vs ITR 5
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
