Perks or Allowances
Parmod Agarwal (Assistant Manager) (394 Points)
01 February 2010Parmod Agarwal (Assistant Manager) (394 Points)
01 February 2010
Amir
(Learner)
(4016 Points)
Replied 01 February 2010
Dear Pramod,
Perquisites are of two types -
1) in Kind
2) in Reimbursements
In both the above cases there is an element of actual expenditure involved...
If any payment is made irrespective of actual expenditure then it will qualify as "ALLOWANCE"
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)