Perquisite and Section 56(2)(x)

434 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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details