Ttaxable reimbursement ?

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shashank (Querist)
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12 October 2009 Whether amount reimbursed for conveyance and fooding while on overtime would be taxable under the head salaries?

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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12 October 2009 yes, agter deducting actual expenditure remaining is taxable

shashank

shashank (Querist)
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12 October 2009 What if we take declaration from the employee that he has expended the entire amount on conveyance and fooding ?

Nazir

Nazir (Expert)
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12 October 2009 i think that will suffice your problem, the reimbursement of actual bills is not taxable as well if there is any policy for per deim or other expeses then also its non taxable.

O.D.SHARMA

O.D.SHARMA (Expert)
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13 October 2009 Dear,There is a diff.between declaration & reiumbersement.If reiumbersed thru bill ,Non taxable

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