Web1 day ago · Income Tax - Disallowance of Employee Stock Option Plan (ESOP) cost claimed as expenditure - No reasons are forthcoming for invoking the provisions under section 17(2 ... WebSection 17 (2) of the Income-tax Act, 1961 gives an inclusive definition of 'perquisite'. As per this section 'perquisite' includes: (i) the value of rent-free accommodation provided to the assessee by his employer; (ii) the value of any concession in the matter of rent respecting …
Income Tax - Section: 17 (2) (vii) & (viia) Contribution to …
WebUnder the Act, the term “perquisites” is defined by section 17(2) as including the following items: the value of rent-free accommodation provided to the assessee by his employer … Web1961 (ITA) [relating to income from other sources] read with rules 11U and 11UA of the Income-tax Rules, 1962 (relating to determination of fair market value). Therefore, the difference between FMV and the consideration paid was taxable under section 56(2)(vii) of the ITA. ─ The taxpayer had, inter alia, relied on an earlier ruling2 of the ... rolex submariner used under 5000
Income Tax - Section: 17 (2) (vii) & (viia) Contribution to RPF, SAF ...
WebApr 17, 2024 · A of the Code. Section 30D(c)(2). However, the amount of the section 30D credit that is attributable to property that is of a character subject to an allowance for … WebView salary taxation.ppt.pptx from TAX 717 at Ryerson University. Income under the head "SALARIES" TAXATION Taxation – Salary -An overview • Section 15: Chargeability • Section 16:i) Entertainment ... Section 17: Salary : Definition: U/S 17 (1) ... Leave encashment. vii) The annual accretion to recognized P/F to the extent of the ... WebSalary - Section 17(2)(vii) & 17(2)(viia)- Full clarity and Explanation of given formula All Income Tax Amendments for Dec'21 CA Inter & Final ExamsIn this v... outback vision protocol book