Valuation of perqusites for taxation purpose

This query is : Resolved 

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.



Thanks

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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