Transfer of assets to an employee is Taxable perqusite or not

Hi Friends,

I would like to know whether transfer of fixed assets to an employee for nil value is taxable in the hands of an employee or not

Please clarify ASAP.

Replies (3)

 yes it is taxable

it is preq in kind

Yes Manish is correct

Originally posted by :mohit agrawal
" Yes Manish is correct "


 

Thanks alot...friends...

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