Perquisites - bike
This query is : Resolved
sivabommakanti
(Querist)
24 January 2014
If an employer transfers a company owned bike for free to employee earning more than rs.50k as salary after 5 years of his service, how will the perk be taxed. what % should I depreciate the bike and on what method for calculating the perk? is it 10%?
24 January 2014
Hi
It will be taxable perk.
Dep to be charged @ 10% p.a. for every completed years of purchase of as assets under w.d.v. method.
Thx
It will be taxable perk.
Dep to be charged @ 10% p.a. for every completed years of purchase of as assets under w.d.v. method.
Thx
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