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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2010 As FBT has been abolished w.e.f. AY 2010-11 & it become the debatable issue whether reimbursements should be taxable in the hand of employees or not.

In this connection, pls clarify along with the relevant applicable section of IT Act, 1961, the applicability of income tax in the hand of employees on the following reimbursements:
1. Conveyance Reimbursement;
2. Driver Salary Reimbursement;
3. Car Rentals Reimbursement;
4. Entertainment Reimbursement;
5. Books & Periodicals Reimbursement;
6. Telephone Reimbursement;
7. Other Reimbursements.

Pls do the needful.

pls answer on mittbhakta@yahoo.com
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 March 2010
1.Conveyance - personal purpose taxable
2.Driver Salary -Based on the usege whether private or offical
3.Car Rentals-Based on the usege whether private or offical
4.Entertainment- Taxable
5.Books & Peridicals - if offical purpose exempted
6.Telephone reimbursment- taxable
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