Ttaxable reimbursement ?
This query is : Resolved
12 October 2009
Whether amount reimbursed for conveyance and fooding while on overtime would be taxable under the head salaries?
12 October 2009
yes, agter deducting actual expenditure remaining is taxable
12 October 2009
What if we take declaration from the employee that he has expended the entire amount on conveyance and fooding ?
12 October 2009
i think that will suffice your problem, the reimbursement of actual bills is not taxable as well if there is any policy for per deim or other expeses then also its non taxable.
13 October 2009
Dear,There is a diff.between declaration & reiumbersement.If reiumbersed thru bill ,Non taxable
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