https://www.taxtmi.com/article/detailed?id=270 Rule 40E implements the Finance Act, 2008 exclusion by requiring employer-framed schemes and issuance of non-transferable prepaid electronic meal cards by an issuing bank under contractual arrangements with member establishments; each card must bear employer and employee identification, be issued to a single employee, be used only by that employee for ready-to-eat food or non-alcoholic beverages, be subject to a daily purchase ceiling, and entail transaction recordkeeping by employer and establishment. en-us Wed, 21 Jan 2009 00:00:00 +0530 Wed, 21 Jan 2009 07:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=270 Rule 40E implements the Finance Act, 2008 exclusion by requiring employer-framed schemes and issuance of non-transferable prepaid electronic meal cards by an issuing bank under contractual arrangements with member establishments; each card must bear employer and employee identification, be issued to a single employee, be used only by that employee for ready-to-eat food or non-alcoholic beverages, be subject to a daily purchase ceiling, and entail transaction recordkeeping by employer and establishment. Articles Income Tax Wed, 21 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=270