Facts of the case:
- It is a private limited software company. (subisidiary company.)
- Employee is on the payroll of company.
- For business purpose he got transfeerd to the parent company for a period of 6 months.
- As per company policy company paid for the air tickets of his wife and child.
Query:
Whether the cost of air tickets will be taxbale in the hands of employee? Or it will be a relocation allowance exempt in the hnads of employee.
CAclubindia
