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
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
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