Accomodation Rent reimbursed by employer

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Lakshmi (Querist)
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14 October 2007 Mr X is employed with a nationalised bank. He has entered into a leave and license agreement with Mr Z at Mumbai for accomodation. The rent is directly paid by the bank to Mr Z.I would like to know its taxability treatment ie whether it would be taxable as a perquisite or as a fringe benefit in the hands of employer. if it is a perquisitewhat will be the taxable value

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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15 October 2007 it is a perquisite taxable as rent free accommodation provided by the employer

sannagovindappa.G

sannagovindappa.G (Expert)
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15 October 2007 hi laxmi it is an perquisit provided by an employer @ asuming that it consesstinal rent basis there for it is partly taxable perquisit it will caluclated sum rule

CMA Gul S

CMA Gul S (Expert)
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17 October 2007 This is a Perquisite

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Accomodation Rent reimbursed by employer

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