Exemption u\s 10(14)
This query is : Resolved
07 July 2009
if entertainment allowace given by employer is reimbursed by employee ,then will he get fully exemption for this entertainment allowance?
07 July 2009
Hi,
In my opinion when the entertainment allowance is reimbursed by the employee then it is deemed to be not given to employee. Or in other words when the allowance is fully recovered from the employee by the employer then nothing is taxable in the hands of employee.
Therefore nothing is taxable in the hands of employee on account of entertainment allowance.
In my opinion when the entertainment allowance is reimbursed by the employee then it is deemed to be not given to employee. Or in other words when the allowance is fully recovered from the employee by the employer then nothing is taxable in the hands of employee.
Therefore nothing is taxable in the hands of employee on account of entertainment allowance.
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