I want to know that if employee had taken medical treatment inn goverment or municipal hospital and bills are issued in the name of employee and later on reimbured by employee than in such case such a perquisite is taxfree for emploee or according to section 17(2)(iv) it would be fully taxable for employee
CA. RAJESH Kr. MAURYA
(Chartered Accountant)
(323 Points)
Replied 27 April 2010
For this situation, the Act says if treatment is taken in hospital maintained by Central/StateGovt. or Local Authority, any amount incurred /reimbursed by Employer is exempt from tax. Not Chargeable to Tax.
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 27 April 2010
dear anuj
rajesh sir is right but i think this is fully taxable when payment made in employee name and employer make sreimbursement.bill should be produced in employer name for claiming exemption
what do u think
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 27 April 2010
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 28 April 2010
For this situation, the Act says if treatment is taken in hospital maintained by Central/StateGovt. or Local Authority, any amount incurred /reimbursed by Employer is exempt from tax. Not Chargeable to Tax.
i got clear thanks mr. rajesh sir and dhiraj sir
REDDY.V
(Accountant)
(23 Points)
Replied 29 April 2010
plz help me
can i know wat is the rate of composite vat in karnataka..
CAclubindia
