Salary
This query is : Resolved
04 November 2009
Dear all,
What is the impact of FBT abolition with respect to perquisites taxation?
Many perquisites taxable under salary were moved to the net of FBT. Due to the abolition of FBT, whether the same provisions of perquisites taxation which were prevailing under salary provisions are applicable?
How should we tax the following?
1. Books and Periodicals
2. Telephone expenses
3. Motor Cars
4. Two wheelers
Kindly give the details about the same..
Dear all,
What is the impact of FBT abolition with respect to perquisites taxation?
Many perquisites taxable under salary were moved to the net of FBT. Due to the abolition of FBT, whether the same provisions of perquisites taxation which were prevailing under salary provisions are applicable?
How should we tax the following?
1. Books and Periodicals
2. Telephone expenses
3. Motor Cars
4. Two wheelers
Kindly give the details about the same..
04 November 2009
Same old provisions of Rule 3 is applicable
https://www.icai.org.in/resource_file/15992suppcca.pdf
Read Rule 3 from page 26 in the above link
https://www.icai.org.in/resource_file/15992suppcca.pdf
Read Rule 3 from page 26 in the above link
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