Perquisite and Section 56(2)(x)

This discussion explores whether providing portfolio management services to employees at no or a nominal cost constitutes a taxable perquisite. It also questions the applicability of Section 56(2)(x) of the Income Tax Act, 1961, under the 'income from other sources' head. The consensus suggests Section 56(2)(x) is not applicable, and the perquisite's value should be based on the fair market value or the price the employer charges their clients.