CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer

Last updated: 21 August 2023

The Finance Act, 2023 brought in an amendment for the purposes of calculation of perquisite with regard to the value of rent-free or concessional accommodation provided to an employee, by his employer. Accordingly, CBDT has modified Rule 3 of the Income-tax Rules, 1961 to provide for the same. Th

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