Easy Office
LCI Learning

Scholarship given to Employee's children

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 December 2008 What are the implication if a scholarship is given to on of the employee's child?

Whether the same is taxable in the hands of the concerned employee?

Whether the same is an admissible expense for the employer?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
04 December 2008 1.Employee:-
Not a perquisite as per decision in CIT Vs.B.L.Garg (2007) 289 ITR 218(All).Hence exempted in the hands of employee.
2.Employer:-
Expenditure u/s 37(1).
3. Son:-
Exempted u/s 10(16).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links