Perquisite income tax section 17(2)
This query is : Resolved
18 July 2024
An Assesse is central government employee he incurred medical expenses for his father in private hospital and reimbursed amount of rs.98651/-from employer.
The employer shown amount in form no.12BA as value of perquisite of Rs.98651/- as other benefits or amenities. Does this perquisite amount is taxable ?
The employer shown amount in form no.12BA as value of perquisite of Rs.98651/- as other benefits or amenities. Does this perquisite amount is taxable ?
19 July 2024
No. It is exempt.
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19 July 2024
Thanks for your reply sir
Please can you tell me under which head i have to show exempt amount in ITR 2
Please can you tell me under which head i have to show exempt amount in ITR 2
19 July 2024
sec 17(2) perquisites
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19 July 2024
The employer shown amount of Rs.98651/- in form16 as value of perquisites in Sec 17(2) & added in Gross salary. Can i show this amount in exempt allowances in u/s.10 column?
While filing up of ITR2, the utility calculate tax on amount of value of perquisites in sec 17(2).
While filing up of ITR2, the utility calculate tax on amount of value of perquisites in sec 17(2).
19 July 2024
If employer has not declared it separately, it will be difficult to convince ITD. Whenever there is difference in form 16 & ITR, the query is being raised by CPC. You may try it by declaring it under exempt income.
19 July 2024
The Employer has declared amount separately under value of perquisites 17(2).
Can query will raised by CPC after the filing of income tax return.
Can query will raised by CPC after the filing of income tax return.
19 July 2024
Yes, if employer has considered it as taxable perquisites, otherwise not,
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