Telephone Bill Reimbursment.
This query is : Resolved
27 October 2009
My company is paying me Rs.1000/ pm under head of Telephone expense which is part of salary and deduction from mu annual CTC.
Now account dept has guided and insisting to support voucher with the valid bill for audit purpose.
My feeling is that if it is part of my salary then supporting should not be imposed on employee?
I seek your expert advise.
Rgds,
Sudhakar Yeradkar.
Now account dept has guided and insisting to support voucher with the valid bill for audit purpose.
My feeling is that if it is part of my salary then supporting should not be imposed on employee?
I seek your expert advise.
Rgds,
Sudhakar Yeradkar.
27 October 2009
Your accounts department is correct. Telephone bill reimbursed will be tax free but if it is paid as fixed allowance it would be taxable.
Now u have to decide based on your actual telephone bill and your tax rate for marginal income.
Now u have to decide based on your actual telephone bill and your tax rate for marginal income.
27 October 2009
For income tax purposes, bill needs to be submitted. As this is kind of reimbursement, bills would be required like wise in case of Medical Reimbursement.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
