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Reimbursement of expenses

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 March 2012 hi,
can company reimbursed employee children foreign education expenses. if reimbursed then there is any limit.

and which expenses company can reimbursed.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 March 2012 Reimbursement of Education expenses of the family members of the employee, is taxable as a perquisite in hands of employee. Cir No.35/7/65-IT(B) Dt:12.2.65

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