Perquisite valuation
This query is : Resolved
Soni Jeswani
(Querist)
24 February 2014
Suppose A bank provide concessional loan to its employees at simple interest, But at the time of Recovering the Loan, it Recovers Firstly The Whole Principal then it recovers the interest component.... Now Plz Suggest how the valuation Of Perquisite is to be done??? Is it correct that we should calculate the Accrued Interest & Calculate the value of Perquisite? OR there is any other method of this type of Calculations????
CMA Ramesh Krishnan
(Expert)
24 February 2014
On accrual basis valuation of perquisites yearly, you can calculate the recovery also yearly basis and different can be valued as perquisites
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
