05 February 2012
The employer has provided movable assets air conditioner to employee's residence . the actual cost is Rs.110000. what is taxable perquisites in hands of employee? Plzzzz reply me As per manoharan(author) book it is given 11000 bt I think it should be 99000 i.e Actual cost of employer 110000 + depn @10% 11000 - amt recovered -------------------------------------- perks 99000 plzzzz reply
05 February 2012
Book answer is correct, since asset is given to employee just use the asset, not transferred to him. so just need to considered 10% of original cost Rs.11000 as perquisite
CAclubindia
