Sec. 28(iv) value of perqusite - non-employee (consultant)

Save Share

This query is : Resolved

abhijeet m. deshpande (Querist)
Follow

24 January 2012 My assessee, a legal practitioner is working as a consultant (not an employee) for a limited company. The company has alloted him shares under ESOP scheme. The value of perqusite is worked out at Rs. 1,70,000/-. Is the amount of perqusite taxable under sec. 28(iv) of the I.T.Act, 1961

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

24 January 2012 This is a good example for Perquisites to Professionals arising out of/ due to practicing the profession. Yes, it is taxable U/s 28(iv).

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now