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Tax exemption for Books and Periodical

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(Querist)
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 ?
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K V Subba Rao

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K V Subba Rao (Expert)
17 February 2009 Please check the following link:

https://portal.bsnl.in/intranetnews.asp?url=/bsnl11.0/content%20mgmt/html%20content/business/business14560.html
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MANOJ ANCHLIA

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MANOJ ANCHLIA (Querist)
17 February 2009
what about the FBT ???
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CA MEENAKSHI MANGLA

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CA MEENAKSHI MANGLA (Expert)
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.
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