https://www.taxtmi.com/circulars?id=5060 The Board clarified that expenditure on food or beverages provided during working hours to employees whose salary income from employment does not exceed Rs.24,000 (excluding non monetary benefits) need not be treated as entertainment expenditure even if provided outside the employer's premises, provided the expenditure is genuine and reasonable and the employees are not directors or persons with substantial interest; higher paid employees subject to the exclusions in section 17(2)(iii) remain treated as entertainment expenditure. en-us Mon, 15 Mar 1993 00:00:00 +0530 Sat, 09 Aug 2008 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5060 The Board clarified that expenditure on food or beverages provided during working hours to employees whose salary income from employment does not exceed Rs.24,000 (excluding non monetary benefits) need not be treated as entertainment expenditure even if provided outside the employer's premises, provided the expenditure is genuine and reasonable and the employees are not directors or persons with substantial interest; higher paid employees subject to the exclusions in section 17(2)(iii) remain treated as entertainment expenditure. Circulars Income Tax Mon, 15 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5060