11 July 2010
i have a querry that if salary person is working in co.& he is having credit card of which allexpenses are reimbursed by co. in his salary a/c so wheteher it is taxable & if yes then howit willbe shown in return.
12 July 2010
If the Credit card is used for official purpose, nothing is taxable in your hand. If partly or wholly used for private purpose, the amount used for personal purpose will be taxable. The employer will add that amount with your salary drawn and deduct the required amount of tax.
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