Friends
There is an employee in a company who is a CA. The company reimbursed the employee CA his annual membership fees paid to ICAI on production of receipt.
Is it chargeable to tax in the hands of employee as a perquisite.
Regards,
Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
18 June 2014Friends
There is an employee in a company who is a CA. The company reimbursed the employee CA his annual membership fees paid to ICAI on production of receipt.
Is it chargeable to tax in the hands of employee as a perquisite.
Regards,
Siddharth
(Article Assistant)
(111 Points)
Replied 19 June 2014
It will be taxable in the hands of employees as perq. It is monetary perq.