Valuation of perquisite - Meal coupons
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
If an employee is receiving Rs. 5000 per month as food coupons. Will it be taxable as perquisite in the hands of employee?
CA Sanat Pyne
(Expert)
09 August 2010
YES TOTAL AMOUNT IS TAXABLE IF THE SAME AMOUNT IS PAID MONTHLY.
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