PCC MAY 2010 - Valuation of Car Perk

yaaaaaa.. in CAr perk the exemption amount is increased.......

In my thot YES

NO, NOT APPLICABLE FOR MAY 2010....

ICAI HAS MENTIONED IT IN THE STUDY PAPER...

IT WILL BE APPLICABLE FOR NOV 10

yes ji aplicable hai yaar..............

kaun kah raha hai ki nae hai bro .........

plzz check it ok ............

I agree with mayank. I have the copy of the same which i got in caclub only.  Car perks are applicable to Nov - 10 exams.

noo way. This ammended applicable from may-10 pcc exam.

Its Applicable from May 2010 Itself

Its applicable from Nov10 exams only.. Refer ICAI website for further details or student newsletter of April.

no in car perk amount is not increased. it is applcable for nov 10 students.

for may 10 students car perk is at old rate....just check ICAI site

Originally posted by : mohdjaved
	yes ji aplicable hai yaar..............   kaun kah raha hai ki nae hai bro ......... plzz check it ok ............

SORRY TO SAY SIR BUT I HAVE ALREADY CHECKED IT.....

U PLEASE CHECK IT....

ND HERE'S DA LINK FOR UR REFERENCE....

https://www.icai.org/post.html?post_id=5488&c_id=219

New perquisites valuation rules for Assessment Year 2010-11 are replica of old rules

One of the key amendments has been in the taxability of car and driver facility provided by the employer. Motor car used for official purpose continues to be tax-free. Similarly, there is no change invaluation norms for motor car owned by the employer and provided to the employee exclusively for personal purposes.

The change in valuation norm has been made for cases where motor car and driver are provided by an employer for official and personal purposes, which has essentially increased by 50%; however, the taxability in such cases, considering the expenditure that may be incurred towards this facility, still remains nominal.

Similarly, the relief for use of employee-owned cars for official and personal purposes has been increased by 50%, resulting only in a marginal relief to the employees.

For May2010 attempt,  1200, 1600, 400, 600 plus 600 p.m. for chauffeur

From Nov2010 attempt,  1800, 2400, 600, 900 plus 900 p.m. for chauffeur

This is the notification issued by ICAI -