Income Tax - Doubt ??

Krish (CA Final ) (3326 Points)

31 October 2010  

If any employee under Sales Department receives a Car, air conditioner, motor cycle or any other article on achieving a sales target;

 

What should be the treatment. ? (Under Salary or PGBP)

 

Actually i have gone through the situation where such perquisites have been treated under Profit and Gain from Business.