01 December 2008
If an employer give Rs 1,00,000/- to an employee for his marrage in which head it will be taxable. There are two cases 1) If it is the policy of the Company. 2) If it is not the policy of the Company. If it is in kind will there be any change
01 December 2008
There is employer employee relationship exist so as per the definition of profit in lieu of salary it shall be caccounted in the above cases.
01 December 2008
Wedding gift by way of cash shall form the part and parcel of the salary irrespective of the fact that is the policy of the company or otherwise.
Wedding gift by the company will not form the part of the salary however FBT whiil be payable by the employer for the valuof 50% of the wedding gift.
CAclubindia
