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Aarushi Jain

Latest Posts by Aarushi Jain

Treatment of Tax paid by employer on Non-Monetary Perquisites

January 11, 2019 109362 Views 8 comments Print

Perquisite has a known normal meaning, namely, a personal advantage; something that benefits a man by going “into his own pocket”. The perquisites are taxable under the head salary in the Income Tax Act. As per Section 17(2)(iv), perquisite includes ‘any sum paid by the employer in respect of any obligation which, but for such […]

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