PERQUISITES
This query is : Resolved
26 November 2008
company will provide a mobile piece for use. Is it a taxable perquisite?
As per the provisions of Sec 17(3) read with Rule 3, use of any movable asset by the employee is a taxable perquisite to the extent of 10% p.a of the actual cost of asset to the employer.
if it's taxable perquisite, is it sufficient of including the value of perquiste in total income of the employee and deduct TDS on that total Income.
As per the provisions of Sec 17(3) read with Rule 3, use of any movable asset by the employee is a taxable perquisite to the extent of 10% p.a of the actual cost of asset to the employer.
if it's taxable perquisite, is it sufficient of including the value of perquiste in total income of the employee and deduct TDS on that total Income.
26 November 2008
Use of telephone including cellular connection but doesnot includes the leased lines are fall within the meaning of the perquisite.It shall be included in the total value and deduct the TDS
26 November 2008
thank you vivek and kotesh
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
