29 February 2008
Pls. tell whether Relocation Expenses at the time of joining, reimbursed to the employee will be taxable as perquisite in the hands of employee or FBT will be charged to the Employer. If yes..in which head FBT will be charged?
29 February 2008
If it is a contractual obligation of employment and reimbursed, it can attract the provisions of Income tax Act. If it is taxed as salary, then FBT is not applicable
CAclubindia
