Dear Friends
Recently on successfully getting its first order,Management of my company offered to reimbursed Two nights and three days stays in two star hotel with family for all the employees. They can avail this facility at any time ie even after march 10.
My querry is, what will be its tax applicability in the hand of employee/employers, I further clear that the compnay has its regular LTA component in its salary structure paying on monthly basis.
A prompt response will be highly appreciable.
regads
kumar narendra
CAclubindia
