Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (9) TMI 963 - GUJARAT HIGH COURT

2016 (9) TMI 963 - GUJARAT HIGH COURT - TMI - TDS u/s 192 - pro-rate medical allowances given by the Employer to the employees - whether is taxable as perquisite in their hands under the head “Salary” as per sub clause (iiia) and (iiib) of section 2(24) r.w.s. 17 ? - Held that:- Section 17(2) of the Act refers to term “perquisite” as to include range of benefits to be paid by the employer to the employees. Proviso to said sub section, however, provides that nothing in this clause shall apply to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

sent case. The Revenue does not contend that the ceiling of ₹ 15,000/- was breached. Prime objection of the Revenue appears to be the fixed reimbursement commensurate with the level of the employee irrespective of the demand for medical reimbursement. The company, however, when ensured that such reimbursement was not in excess of actual expenditure incurred by the employees, this objection of the Revenue also cannot survive. - Decided in favour of assessee - TAX APPEAL NO. 555 of 2016 With .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

given by the Employer to the employees is taxable as perquisite in their hands under the head Salary as per sub clause (iiia) and (iiib) of section 2(24) r.w.s. 17 of the income Tax Act and thereby liable for TDS u/s. 192 of the I.T.Act, 1961 or not? 3. The issue pertains to the requirement of the employer to deduct tax at source while making medical reimbursement to the employees. According to the Revenue, the assessee-company had the structure of paying fixed monthly medical allowance as per t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version