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Income tax

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(Querist)
16 November 2012 Dear sir,

Advance paid by employer to employee for meeting expenses for Rs.100000 by a/c payee cheque -Is it taxable in the hands of employee if so under which section? what is the solution for this.

Thanks and regards
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V K Bajaj

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V K Bajaj (Expert)
17 November 2012 No

Not taxable please.

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