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Perquisite definition: statutory monetary thresholds replaced by prescribed amounts, altering inclusion and exclusion rules for employer benefits. Amendment replaces fixed monetary thresholds in section 17 governing when employer provided benefits constitute perquisite and when employer incurred medical travel and treatment expenses are excluded, by empowering rules to prescribe the applicable amounts; the changes apply from the specified operative date and to the relevant assessment year and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Perquisite definition: statutory monetary thresholds replaced by prescribed amounts, altering inclusion and exclusion rules for employer benefits.
Amendment replaces fixed monetary thresholds in section 17 governing when employer provided benefits constitute perquisite and when employer incurred medical travel and treatment expenses are excluded, by empowering rules to prescribe the applicable amounts; the changes apply from the specified operative date and to the relevant assessment year and subsequent years.
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