Income from salary

This query is : Resolved

ali (Querist)
Follow

17 May 2014 Free Telephone at Residence of employee by employer.
IS this taxable or not??
in the heads of income from salary..

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

17 May 2014 Is it allowance or reimbursement by employer?

ali

ali (Querist)
Follow

17 May 2014 Anything not mentioned in the question.
for your reference Refer RTP Nov.2010 BY ICAI.

I know that If it is Allowance then it is fully taxable
&
If it it is Reimbursement or Paid then also it is fully Taxable.

Upgrade to CAclubindia Pro. Subscribe Now!

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

17 May 2014 Then what is the query if u know.

Well, u can convey ur thanks by hitting the thanks button.

Message likes : 1 times

ali

ali (Querist)
Follow

17 May 2014 but in the question their is a word use "free" it means non monetary perquisite.
I think it is taxable but in the institute suggested solution it was consider as not chargeable to tax.
this is my query .....

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

17 May 2014 Electric Bill is exempted but telephone bill is taxable. U must inquire from ur friends also. But it is taxable as per me.

ali

ali (Querist)
Follow

17 May 2014 dear sir
see my question once again,
m nt mentioned telephone bill
in my question it is only Telephone

& As per my knowledge if electric bill is paid or reimburesed by emplyr thn it is fully taxable because it is monetary perqste.

ali

ali (Querist)
Follow

17 May 2014 if their is a free or facility of electricity
thn it is exempt but if employee is specified
thn it is taxable for him.

Upgrade to CAclubindia Pro. Subscribe Now!

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

17 May 2014 Look I suggested u. And if u do not believe then wait for other experts or u can do as u want.