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Valuation of perquisite - Meal coupons

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2010 If an employee is receiving Rs. 5000 per month as food coupons. Will it be taxable as perquisite in the hands of employee?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
09 August 2010 YES TOTAL AMOUNT IS TAXABLE IF THE SAME AMOUNT IS PAID MONTHLY.

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