CBDT prescribes formula for computation of prequisite for annual accretion u/s 17(2)(viia)
March 5, 2021
Income Tax
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 …