Perquisite and Section 56(2)(x)

Tax queries 213 views 2 replies

Hi

 

If an employer is providing porfolio management service to employee free of cost or for a nominal fee, is it taxable as perquisite. If yes what is the value of perquisite. Also will it come under the scope of Section 56(2)(x) of Income Tax Act,1961 under income from other sources head?

 

Thanks

Replies (2)

Also please let me know how to calculate the value of perquisite in this case.

 

56(2)X will not b applicable,, and the value of perquisites may the price which employer charges from their client I.e fair market value of service


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