ITAT issues guidelines for stay of demand.
Started by Mansha, June 06, 2012, 10:13:46 PM
Quote from: Mansha on June 06, 2012, 10:13:46 PMRespected members Please enlighten me regarding the taxability of Sodexo Meal Coupons in the hands of employees.Thanks
QuoteThe value of free food and non-alcoholic beverages provided by the employer to an employee shall be the amount of expenditure incurred by such employer. The amount so determined shall be reduced by the amount, if any, paid or recovered from the employee for such benefit or amenity:Provided that nothing contained in this clause shall apply to free food and non-alcoholic beverages provided by such employer during working hours at office or business premises or through paid vouchers which are not transferable and usable only at eating joints, to the extent the value thereof either case does not exceed fifty rupees per meal or to tea or snacks provided during working hours or to free food and non-alcoholic beverages during working hours provided in a remote area or an off-shore installation.