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Income Tax - Highlights / Catch Notes

Home Highlights March 2012 Year 2012 This

Determination of perquisite value - Rule 3 - Where an employer ...


High Court Rules Notional Interest on Security Deposit Not Part of Employee Accommodation Perquisite Value.

March 12, 2012

Case Laws     Income Tax     HC

Determination of perquisite value - Rule 3 - Where an employer takes residential premises on rent by giving security deposit for the benefit of employees, whether the notional interest on such security deposit is liable to be included in the perquisite value of the accommodation given to the assessee employee is the question raised in this appeal - held no - HC

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