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of <h1>Finance Bill 2009 Amends Income-tax Act: New Perquisites Rules for Securities and Superannuation Funds Effective April 2010</h1> Clause 9 of the Finance (No. 2) Bill, 2009 amends section 17 of the Income-tax Act, effective April 1, 2010. It revises sub-clause (vi) to include as perquisites the value of specified securities or sweat equity shares allotted or transferred by an employer to an employee at no cost or a concessional rate. It defines terms such as 'specified security,' 'sweat equity shares,' and 'fair market value.' Sub-clause (vii) includes employer contributions to superannuation funds exceeding one lakh rupees, and sub-clause (viii) covers other prescribed fringe benefits or amenities as perquisites. These changes apply from the assessment year 2010-11 onward.
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