https://www.taxtmi.com/forum/issue?id=4008 Company awards and gifts to an employee are ordinarily taxable as employment income and treated as a taxable perquisite. Converting cash awards into goods or travel vouchers does not automatically remove tax liability. Employer-paid official business expenses that are bona fide reimbursements, properly documented, are less likely to be treated as taxable income than discretionary awards; proper classification and employer withholding determine the tax outcome. en-us Mon, 09 Apr 2012 15:56:35 +0530 Thu, 23 Jan 2025 15:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4008 Company awards and gifts to an employee are ordinarily taxable as employment income and treated as a taxable perquisite. Converting cash awards into goods or travel vouchers does not automatically remove tax liability. Employer-paid official business expenses that are bona fide reimbursements, properly documented, are less likely to be treated as taxable income than discretionary awards; proper classification and employer withholding determine the tax outcome. Discussion-Forum Income Tax Mon, 09 Apr 2012 15:56:35 +0530 https://www.taxtmi.com/forum/issue?id=4008