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Food Plus Card

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(Querist)
16 June 2008 Dear all,

please advice me on whether Food Plus Cards issued to employees are liable for exemption under Income Tax Act? if yes, then under which section??

Thanks & Regards

Davison Mathew
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
16 June 2008 If these are FOOD COUPENS useble only at food outlets and non transferable than Its liable for exemption under Income Tax Act.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
12 July 2012 Food Plus card that will be beneficial as the upper limit for non-taxability there is Rs.36000/- p.a
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