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Books and Periodicals Reimbursement

18 Dec

Amount received against books and periodicals can be claimed on submission of bills.
Exemption will be as below:
1. Amount received towards reimbursement
2. Actual amount spent
which ever is less of 1. and 2

Ref: http://www.caclubindia.com/experts/books-and-periodicals-reimbursement-whether-taxable–130146.asp#.UPMhKh1wouc

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Posted by on December 18, 2012 in TDS

 

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