All about Employee Reimbursement taxation

If employees & directors of #company spent amount on Movie tickets & ,#ipl2022  tickets and got the reimbursement amount from company,

01.Can company claim ITC or GST credit on same?

02. Can company claim it as expense under IT?

03.Is it taxable for employee in his personal IT??

Check out the query posted in our blog!! and share your views in comment section.

Comments

  1. Kalyan TalariMay 5, 2022 at 2:22 PM

    1. Company cannot claim ITC as it recreational activity.
    2. Company can claim expenditure under Income tax - as it it spent for employees (same like office party)
    3. Not taxable for employee as it will not form part of CTC of the employee (not perquisites also)

    ReplyDelete

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