17 December 2010
if a company reimbursed medical bills of Rs. 5,53,000/- to an employee for the medical treatment of his wife. Is this an allowable expense for compnay. which sec is applicable? can i get any case law on it?
17 December 2010
It is an allowable expense to the company. It is a taxable perquisit in the hands of the employee though upto Rs.15000 there is exemption.
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