Can anybody please share with me the draft policy on Books & Periodicals Allowance for tax benefit purposes.
From India, Gurgaon
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From India, Gurgaon
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Hi, Can you please help me in providing sample policy on Books & Periodicals for Tax benefit purposes as I am in process of framing the policy.
From India, Gurgaon
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From India, Gurgaon
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Hi,
Can anybody please help me by providing a sample policy on Books & Periodicals for tax benefit purposes for the leadership team? I am in the process of framing the policy and looking for a sample. It is urgently required.
From India, Gurgaon
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Can anybody please help me by providing a sample policy on Books & Periodicals for tax benefit purposes for the leadership team? I am in the process of framing the policy and looking for a sample. It is urgently required.
From India, Gurgaon
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Expenses for books and periodicals will be considered as business expenses only if the invoices show that the books and periodicals purchased were related to the business area of the individual who claims them.
From India, Mumbai
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286From India, Mumbai
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Dear Subha,
You have not provided enough details to give you a precise answer. Expenses on subscriptions to magazines and journals are specifically allowed for employees in industries that require them to keep abreast of developments in various areas on a day-to-day basis. On the other hand, entertainment expenditure limits are also allowed for employees who have to interact with different people in the course of their jobs and hence have to incur expenses on items in this regard. Therefore, it all depends upon the circumstances.
Reference: [Expense on books, journals tax deductible - timesofindia-economictimes]
Thank you.
From United Kingdom
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You have not provided enough details to give you a precise answer. Expenses on subscriptions to magazines and journals are specifically allowed for employees in industries that require them to keep abreast of developments in various areas on a day-to-day basis. On the other hand, entertainment expenditure limits are also allowed for employees who have to interact with different people in the course of their jobs and hence have to incur expenses on items in this regard. Therefore, it all depends upon the circumstances.
Reference: [Expense on books, journals tax deductible - timesofindia-economictimes]
Thank you.
From United Kingdom
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Thank you for your timely input. It gave me clarity. I was in the process of framing a reimbursement policy (books & periodicals) to provide tax benefits to high-salaried employees. I was seeking information on the purpose, benefits of this policy, and claimable items under the same. I now have a clear understanding. Thanks once again.
From India, Gurgaon
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From India, Gurgaon
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Thank you for your timely input. It provided me with clarity. I was in the process of drafting the reimbursement policy (Books & Periodicals) for high-salaried employees for tax benefit purposes. I was seeking the exact purpose, benefits of this policy, and the items claimable under it. The information is now clear to me. Thank you once again.
From India, Gurgaon
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From India, Gurgaon
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