Valuation of free meals provided to employee
This query is : Resolved
Rohit Gudur
(Querist)
28 February 2014
free lunch provided by the employer to employee during office hours and in the office premises, the cost of which amounted to Rs. 2000.
it's taxable in hand of employee for FY.
it's taxable in hand of employee for FY.
CMA Ramesh Krishnan
(Expert)
28 February 2014
Rs.2000 is the cost for the month?
Rohit Gudur
(Querist)
01 March 2014
Rs. 2000 is the total cost of employer.
CMA Ramesh Krishnan
(Expert)
02 March 2014
free lunch is exempted till Rs. 50 per meal provided during office hours. so accordingly you can calculate the exempted amount
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
