Employee reimbursement system

Querist : Anonymous (Querist) 10 August 2020 This query is : Resolved
We are rolling up one employee reimbursement policy in a weeks time
This policy towards ergonomic furniture to work from home post COVID 19
Challenge is we want to cover employee who have spent the amount post COVID 19 but before roll up of policy
I have below queries
1-Can we make policy implementation from back date say for 3 month
2- tax implication on employee for perquisites

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Quick Summary

A company is implementing a new employee reimbursement policy for ergonomic furniture for working from home, effective soon. They need to address how to handle claims for expenses incurred after COVID-19 but before the policy officially rolls out. Key questions involve the possibility of backdating the policy and understanding any tax implications for employees regarding these reimbursements.

Rajendra K Goyal (Expert) 11 August 2020
Commercial query with insufficient information to form an opinion. Discuss with local CA / business support agency.