Dear All,
OUr company has distributed Sweets and Dinner Set of each Employees on the increment function every year. Whether the cost of Dinner is taxable in the hand of employees or Not?
Please urgent reply.
Thanks
Parmod
Parmod Agarwal (Assistant Manager) (394 Points)
21 May 2010Dear All,
OUr company has distributed Sweets and Dinner Set of each Employees on the increment function every year. Whether the cost of Dinner is taxable in the hand of employees or Not?
Please urgent reply.
Thanks
Parmod
P-A-W-A-N
(TAX - MANAGER AT GURGAON)
(541 Points)
Replied 21 May 2010
If The Value of Dinner Set Exceeding Rs. 5000/- The It Shall be Perquites in the Hands of Employees.