Perquisite valuation: employer provided household staff generally taxed, but employer paid gardener wages not treated as employee perquisite. Initial guidance fixed ad hoc taxable values for employer provided household staff and applied only when the employer recruited and remunerated servants whose services were placed at the employee's disposal; reimbursements for servants engaged by the employee are taxable as income from salaries. Subsequently, the Board clarified that gardener wages paid for maintenance of employer owned premises are not a perquisite to the occupying employee, but such maintenance costs may be considered when valuing rent free residential accommodation, and the earlier instruction was modified accordingly.
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: employer provided household staff generally taxed, but employer paid gardener wages not treated as employee perquisite.
Initial guidance fixed ad hoc taxable values for employer provided household staff and applied only when the employer recruited and remunerated servants whose services were placed at the employee's disposal; reimbursements for servants engaged by the employee are taxable as income from salaries. Subsequently, the Board clarified that gardener wages paid for maintenance of employer owned premises are not a perquisite to the occupying employee, but such maintenance costs may be considered when valuing rent free residential accommodation, and the earlier instruction was modified accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
