An employee has been provided with a mobile handset by the company. On completion of 2 years employee purchases the mobile phone from the company @ 5% of the purchase price. I've the following questions:
1. Whether Perquisite on Transfer of Asset would be applicable in this case?
2. If yes, whether the mobile phone would be covered under Electronic items or other items?
Pls provide your inputs
Sir,
Do you receive any reply for your above Queries from anyone.
Will Mobile / Ipad etc will fall under catgory of other item with 10% depreciation at SLM rate for calculation of transfer of mobile to employee.
Is Ipad a Computer.
Rohit KC Jain & Co
New Delhi
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
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My Legal Tax Consultants Pvt. Ltd.
Noida
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RBSM Corporate Advisors Private Limited
Pune
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