Reimbursement of expenses on computer
This query is : Resolved
Quick Summary
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.
CA R SEETHARAMAN
(Expert)
24 September 2021
It's an allowable deduction for the company, as the laptop is used for the business of the company.
CA R SEETHARAMAN
(Expert)
24 September 2021
It can't be added to employees salary as laptops used for official work.
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