An IT company was providing food coupon to emplooyees,food coupon was costing company Rs.50.
Can company account such expense as food expense under head office expense as Revenue Expense.
So that there is no need to consider it in the Taxable income of Employees.
Please comment on its consequeances & allowability under Income Tax Act.
Yes, the expenses can be claimed by the company as employee cost of the company...
Gowra Ventures Pvt Ltd
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BANSAL YOGESH AND CO
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CAclubindia
