Hra considered as perquisite
This query is : Resolved
Guest
Guest
(Querist)
01 October 2012
A company provides accomodation facilities to its employees free of charge and hence does not give any HRA.
At the same time it considers the above facility as a perquisite and adds the same in the income of the employee.
Is this valid?
At the same time it considers the above facility as a perquisite and adds the same in the income of the employee.
Is this valid?
CA Ayush Agarwal
(Expert)
01 October 2012
Yes, Its Valid for Taxation Point of View.
No Deduction is Available in This Regards.
Perquisite Value is Taxavble amt.
No Deduction is Available in This Regards.
Perquisite Value is Taxavble amt.
Guest
Guest
(Querist)
01 October 2012
thank you for prompt reply...
cn u plz quote a section under the relevant ac where i can find this provision?
cn u plz quote a section under the relevant ac where i can find this provision?
CA Ayush Agarwal
(Expert)
01 October 2012
Read With Section 10(13A)
Read With Rule 17 Perquisite Rile of Income Tax Act
Read With Rule 17 Perquisite Rile of Income Tax Act
Guest
Guest
(Querist)
01 October 2012
thank you...
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