Perquisite valuation expanded to include benefits from business or profession whether cash, kind or convertible, now taxable. The amendment substitutes clause (iv) of section 28 to treat the value of any benefit or perquisite arising from business or the exercise of a profession ... Summary
Perquisite valuation expanded to include benefits from business or profession whether cash, kind or convertible, now taxable.
The amendment substitutes clause (iv) of section 28 to treat the value of any benefit or perquisite arising from business or the exercise of a profession as taxable whether convertible into money or not and whether in cash, in kind, or partly in cash and partly in kind.
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