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Newspapers and Periodicals reimbursement

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 November 2009 Are we entitled to a deduction on reimbursement of 'Newspapers and Periodicals'which is given as part of the salary?

If yes, what is the amount of exemption and this is allowed as per which section / rule?
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CA. Rishabh Mittal

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CA. Rishabh Mittal (Expert)
24 November 2009 No Deduction for such reimbursement is prescribed in Income Tax Act
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 November 2009 Yes
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
24 November 2009 no deduction
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 November 2009 I. e. no deduction available

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