TaxTMI 
TaxTMI 
leave valuation method
12 Oct 2010 
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Leave valuation method: tax treatment depends on the relevant rule and whether it is perquisite, expenditure, or accounting.
Leave valuation method concerns attributing monetary value to accrued or encashed leave under the Income Tax framework, with Rule 2B identified as the controlling provision. The proper legal treatment depends on the context-perquisite taxation, allowability of expenditure, or accounting valuation-and the applicable valuation approach must be chosen accordingly. (AI Summary)
Leave valuation method concerns attributing monetary value to accrued or encashed leave under the Income Tax framework, with Rule 2B identified as the controlling provision. The proper legal treatment depends on the context-perquisite taxation, allowability of expenditure, or accounting valuation-and the applicable valuation approach must be chosen accordingly. (AI Summary)
Dear Sir, What is leave valuation method ? please advise me. Regards Narenda
