Tax on reimbursement
This query is : Resolved
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.
17 December 2010
thanks sir
but can i get any case law on it?
under which section i can check this statment to produce it to Assessing Officer?
but can i get any case law on it?
under which section i can check this statment to produce it to Assessing Officer?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
