Tax exemption for Books and Periodical
This query is : Resolved
17 February 2009
In my salary structure I am getting in head of Books and Periodical. If I will submit books and periodical bills (related to my field). Can I get the exemption received in this head? If yes than any threshold limit for this exemption? For company point of you will this come under FBT Provision ?
17 February 2009
Please check the following link:
https://portal.bsnl.in/intranetnews.asp?url=/bsnl11.0/content%20mgmt/html%20content/business/business14560.html
https://portal.bsnl.in/intranetnews.asp?url=/bsnl11.0/content%20mgmt/html%20content/business/business14560.html
17 February 2009
what about the FBT ???
what about the FBT ???
18 February 2009
company will be liable to pay FBT on reimbrsement of expenditure on book/ periodicals u/s 115WB(2)(E)
it will be tax free perquisite in your hand.
it will be tax free perquisite in your hand.
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