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Taxability of perquisites for providing residential accomoda

This query is : Resolved 
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(Querist)
02 August 2012 Suppose the employer provides rent free accomodation to its employees at the business premises. The employees along with family are residing there only for the purpose of taking care of livestock of employer. Whether the perquisites for providing rent free accomodation is taxable in the hands opf employees. Please justify.
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Amol S Joglekar

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Amol S Joglekar (Expert)
02 August 2012 Yes. It is taxable. (To stretch the imagination to the negative extreme...... the duties of the employment so provide that the employee must stay on the accomodation etc. etc. has no meaning.) If rent free accomodation is provided, it is taxable.
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