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Valuation of perqusites for taxation purpose

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(Querist)
03 November 2009 For Asst Year 2010-2011 as FBT is abolished, how should perquisites be taxed? In whose hands i.e employee or employer?

Provide some material information at the earliest.



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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
03 November 2009 In the hands of employee.

http://www.icai.org.in/resource_file/15992suppcca.pdf

Read Rule 3 from page 26 in the above link
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