Membership fees to icai

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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,

Replies (1)

It will be taxable in the hands of employees as perq. It is monetary perq.


CCI Pro

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