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Scholarship given to Employee's children

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(Querist)
04 December 2008 What are the implication if a scholarship is given to on of the employee's child?

Whether the same is taxable in the hands of the concerned employee?

Whether the same is an admissible expense for the employer?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 December 2008 1.Employee:-
Not a perquisite as per decision in CIT Vs.B.L.Garg (2007) 289 ITR 218(All).Hence exempted in the hands of employee.
2.Employer:-
Expenditure u/s 37(1).
3. Son:-
Exempted u/s 10(16).
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