Tag: perquisites
CBDT amends income tax rules for determining value of residential accommodation provided to the assessee by the employer CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer. The categorization and the limits of cities and population have now been based …
CBDT amends Form No. 12BA Statement of particulars of perquisites, Form 16 and TDS Form 24Q Income-tax (3rd Amendment) Rules 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 15 /2021 New Delhi, the 11th March, 2021 G.S.R. 170(E). —In exercise of powers conferred by …
CBDT prescribes formula for computation of perquisite for annual accretion u/s 17(2)(viia) Existing Income Tax provisions (clause (vii) of clause (2) of section 17) provide that w.e.f. 01.04.2021 perquisites would include the amount of any contributions made to the account of employee by the employer in a recognised Provident …
Fixed medical allowance to employees taxable without proof that medical expenditure actually incurred. ITAT upheld addition u/s 201(1) for short deduction of TDS ABCAUS Case Law Citation:ABCAUS 3273 (2020) (02) ITAT In the instant case, the appeal was filed by the Branch Manager of LIC (the assessee) against …
Stock Appreciation Rights received prior to 01.04.2000 not perquisite u/s 17(2)(iiia) such provisions being not retrospective-Supreme Court The Revenue had filed the instant appeal against the judgment of the High Court in upholding that the amount received on redemption of Stock Appreciation Rights (SARs) was to be …
