Tax exemption for Books and Periodical
This query is : Resolved
MANOJ ANCHLIA
(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 ?
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
https://portal.bsnl.in/intranetnews.asp?url=/bsnl11.0/content%20mgmt/html%20content/business/business14560.html
MANOJ ANCHLIA
(Querist)
17 February 2009
what about the FBT ???
what about the FBT ???
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.
it will be tax free perquisite in your hand.
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