Perquisites - Credit Cards - Rule 3(7)(v)

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..... card is taxable as follows: Expenses incurred* by employer in respect of credit card used by employee / his household member Less: Expenditure on use for official purposes Less: Amount, if any, recove .....

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..... te of expenditure and the nature of expenditure; and the employer gives a certificate for such expenditure to the effect that the same was incurred wholly and exclusively for the performance of offici .....

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