Can company reimburse bills pertaining to the previous financial year, and consider this as part of this year's limit.
Medical Reimbursement upto Rs.15000 in each financial year is exempt from tax. Can the company reimburse bills pertaining to prior period (i.e. in Apri can the company reimburse bills pertaining to February or March of the previous financial year) and consider this reimbursement as part of this year's exemption limit of Rs.15,000/-
Will this change if the bill pertained to December or November instead of February or March
CAclubindia
