Salaried bank employee

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CA Shreya Chudasama (Querist)
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17 January 2013 If a bank employee during the course of employment has been awarded a foreign trip wherein accomodation food boarding lodging tickets are arranged by bank and some amount say Rs 50000 given in cash for expenses at tour , whether this entire arrangement will be taxable ? if yes, How ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 January 2013 In case official trip is not coming under purview of tax,but personal trips or complementary trips will be taxable in the hands of employee as perquisite

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anurag

anurag (Expert)
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18 January 2013 Purpose is seen by the department, if the trip is fully official purpose than no question of taxability.

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Anand

Anand (Expert)
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18 January 2013 Agree with the above answers

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