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Perquisites under section 17(2) and 2(24)(iv), Income Tax

Issue Id: - 109187
Dated: 18-9-2015
By:- NEETA RATHORE

Perquisites under section 17(2) and 2(24)(iv)


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A closely held company wanted to transfer its flat at circle rate to one of the director. Market value of the flat is higher than circle rate. Is it perquisites in the hands of director under section 17(2) and 2(24)(iv)?

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