Case Law Details
Case Name : Mr. Isao Sakai Vs. JCIT (ITAT Delhi)
Related Assessment Year : 2006- 07
Courts :
All ITAT ITAT Delhi
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Tax paid by the employer on behalf of the employee is perquisite and can not be included in salary for valuation of concessional accommodation / Rent- Free House Property etc.
Mr. Isao Sakai Vs. JCIT (ITAT Delhi)- On the comparison of definition of the word ‘salary’ before and after 01.04.2001, it is clear that for the purpose of determination of perquisite value of rent-free accommodation with effect from 01.04.2001, as provided in sub-clauses (d) & (e) of clause (vi), the term ‘salary’ will not include the value of perquisites as specified under section 17(2) of the Act or any p...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Hello
I am a bank employee. My house rent is Rs. 14000 and bank is paying Rs. 8700 for the rented house. Rest 5300 per month, i am paying out of my pocket.
My basic salary is Rs. 25660 and i am living is non metro.
Will i get any tax exemption for paying Rs. 5300 from my pocket.