Perquisites reporting: employers must disclose valuation and tax details of employee fringe benefits under prescribed form annually to tax authorities. Form No. 12BA requires employers to itemise and value perquisites, fringe benefits and profits in lieu of salary, specifying valuation per rules, amounts recovered from the employee and amounts chargeable to tax for each perquisite category. It mandates totals for perquisites and profits in lieu, disclosure of tax deducted or paid on behalf of the employee and the payment date, and a signed employer declaration that the information is true and consistent with section 17 and applicable rules.