Audit Assitant
56 Points
Joined December 2010
As per section 3(7)(viii) of income tax the benefit to the employee arising from the transfer of any movable assets belonging to the employer directly or indirectly to the employe or any member of his house hold shall be determined as under
For Computer and electronic :- Actual cost of such asset to the employer as reduced by the 50% of the cost to the employer for each completed year during which such assets was put to use by the employer , on the basic of WDV method.
Conclusion in your case if you can proof that indirectly it is purchase by the employer and emplyer made payment to the emplyee than 50% ( completed year used by the employer) cost is reduced and wdv method is used. bill is in the name of company that 50% add in your salary.
but individualy you are purchasing it for your self other than the salary it wil not allowed any where.
it will taxable in emplyee hand in your case if you have the bill in ur name even though company reimburse you for the same.