Business profit - benefits and perquisites in cash - the apex ...

Notes Income Tax

February 2, 2023

Business profit - benefits and perquisites in cash - the apex courts have interpreted that if the benefit or perquisite are in cash, it is not covered within the scope of this clause of section 28 of the Act - Now, the clause (iv) of section 28 is being amended so as the provisions of said clause also applies to cases where benefit or perquisite provided is in cash or in kind or partly in cash and partly in kind.

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Business profit - benefits and perquisites in cash - the apex ...

Notes Income Tax

February 2, 2023

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