Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Perquisite valuation rules under salary income cover accommodation, cars, benefits in kind, loans, and employee share valuation. Rule 3 prescribes the method for valuing perquisites for salary tax purposes, including residential accommodation, motor cars, domestic staff, utilities, education, travel, food, gifts, credit-card and club expenses, movable assets, and other benefits. It also lays down the valuation of interest-free or concessional loans, holiday facilities, and the fair market value of specified securities and sweat equity shares on exercise of option, with defined exclusions, thresholds, and formula-based computations for different categories of benefit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Perquisite valuation rules under salary income cover accommodation, cars, benefits in kind, loans, and employee share valuation.
Rule 3 prescribes the method for valuing perquisites for salary tax purposes, including residential accommodation, motor cars, domestic staff, utilities, education, travel, food, gifts, credit-card and club expenses, movable assets, and other benefits. It also lays down the valuation of interest-free or concessional loans, holiday facilities, and the fair market value of specified securities and sweat equity shares on exercise of option, with defined exclusions, thresholds, and formula-based computations for different categories of benefit.
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