PERQUISITES - SPECIFIED EMPLOYEES

Direct Taxation

Perquisites given to specified employees like motor car, domestic servants, gas, electricity, water, educational facilities What if these perquisites are not given by the employer but employer reimbursed expenses. Eg:- servent was kept by employee but expense was paid by employer. In these case, can we consider it under sec 17(2)(iv) - Payment by the employer in respect of an obligation of employee. And can we consider it for all employees ( specified employees + other employees)

Sai Eswar Kolli

CA Final

★ 30K+

24-Dec-21 09:00

523

Answers (1)

(Updated)

Yes. Section 17(2)(iv) is applicable to all the employees. If any obligation of employee is met by the employer, it is treated as perquisite.

Yoga Vishnu

CA Final

★ 11K+

24-Dec-21 10:33