Reimbursement of Repairs and Maintenence of Furniture ( movable assets) by the employer to the employee is taxable? Kindly clarify my doubt.
In this case employer is owned the asset and it is used by the employee and in addition reimbursement towards Repairs and Maintenence made by employer to employee.
Dear Suresh,
Since the Furniture is owned by employer, it cannot be said that employer has discharged the obligation of employee by reimbursing the expenses on repairs..
In short Not a taxable perquisite...
But this Furniture is a taxable perquisite under "Use of movable assets" if House is not provided by employer...& where House is also provided by the emplyer then it will be taxable as part of "RFA."
agree with Mr.Amir
It is not a taxable perquisite...
It comes under "use of movable assets"...
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
CCI
Pro
CAclubindia
