Taxability of waiver of school fees for teacher's children.

Yog Raj Wadhwa (Querist) 11 July 2018 This query is : Open
Please inform whether the fees waiver granted to Teacher's children is taxable under Income Tax Act as perquisite in the hands of Teacher and is there any limit on the no. of children. What is the amount to be added for the purpose of Tax.

Similarly whether the fees waiver granted to poor children is taxable in the hands of their parents.

Are there any cases decided on the issue.

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