Gift vouchers

This query is : Resolved 

10 March 2010 Gift Vouchers which are redeemable in a Departmental store provided to employee as a part of salary, for eg. Mr. A is receiving Rs 20,000 salary, but the company provides on A's request 15000 cash and Rs. 5000 Gift vouchers.
1. whether Gift vouchers provided to as a part of salary is taxable under the head salaries?
2. if, the company provides the Gift vouchers not as part of salary, such as given free is a taxable perquisites?

10 March 2010 It's chargeable as perquisites.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries