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Accounting treatment for mobile phones

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 October 2014 Please guide me on accounting treatment for mobile phones purchase by company for its employee ?
Whether mobile phones purchased by employee 25000 and company re-imbursed only 15000/- what will be the accounting impact?
Is there is any limit for the same ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 October 2014 To be treated as perquisites in the hands of employees. For company it will be included in Employee Benefit Expenses.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2014 it will be treated as Taxable perquisite in the hands of employee under Income Tax ?
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