Boarding & lodging expenses taxable ?
This query is : Resolved
26 August 2011
Hi All
We have paid 25,000 as a one time payment to an employee for relocation Expenses how to treat this expenses booked in staff welfare or traveling and conveyance or booked taxable perks in employee hands please advise asp thanks in advance
Regards
G.Sathish Kumar
Exe.Finance & Admin
We have paid 25,000 as a one time payment to an employee for relocation Expenses how to treat this expenses booked in staff welfare or traveling and conveyance or booked taxable perks in employee hands please advise asp thanks in advance
Regards
G.Sathish Kumar
Exe.Finance & Admin
26 August 2011
Book as travailing expenses and its not taxable in the hand of employee
26 August 2011
Thank you navin ji
For that amount employee has to submit the bills right ? what will do he fails to produce the bills
For that amount employee has to submit the bills right ? what will do he fails to produce the bills
26 August 2011
Reimbursement is made on the basis of actual bill,
If payment is made without of bills then that expenses will be disallowed as per income tax act.
If payment is made without of bills then that expenses will be disallowed as per income tax act.
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