Brokerage paid by employer on behalf of employee

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2012 Brokerage paid by employer on behalf of employee, i.e.paid directly to broker then whether brokerage amount taxable in the hands of employee as perquisite?
if the same is reimbursed by employer to employee then whether ans. is different or same as apply to above.

CA. Hari Kishan

CA. Hari Kishan (Expert)
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14 February 2012 It shall be obligation of the employee met by employer.. and it shall be taxed in the hands of employee,, also would suggest that TDS be deducted u/s 194H on brokerage paid.