Is it necessary for a Company/Employer to ask for bills for reimbursements of benefits like Newspaper, Mobile Bills, Petrol, etc Can the Employer reimburse on the basis of a declaration?
From India, Mumbai
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2From India, Mumbai
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Employers can reimburse expenses based on a declaration if a prescribed limit is set for expenses. However, it is always better to supplement bills/vouchers along with the claim for tax benefits for employees.
Risk of False Declarations
In the case of a declaration only, there is a risk of submitting a false declaration even if no expenses have been incurred by the employee. Requiring bills can help significantly in reducing this practice.
From India, Aizawl
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Risk of False Declarations
In the case of a declaration only, there is a risk of submitting a false declaration even if no expenses have been incurred by the employee. Requiring bills can help significantly in reducing this practice.
From India, Aizawl
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