https://www.taxtmi.com/acts?id=7796 Amendments to section 17 expand employer coverage and prescribe valuation rules for employer provided accommodation: unfurnished accommodation valuation varies by employer ownership or lease status and compares a prescribed percentage of salary or actual lease rentals with rent recoverable; furnished accommodation valuation adds a defined annual value for furniture and fixtures or actual hire charges; hotel accommodation valuation uses a prescribed percentage of salary or actual charges with a short stay exception; the definition of salary for these purposes expressly excludes specified items. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7796 Amendments to section 17 expand employer coverage and prescribe valuation rules for employer provided accommodation: unfurnished accommodation valuation varies by employer ownership or lease status and compares a prescribed percentage of salary or actual lease rentals with rent recoverable; furnished accommodation valuation adds a defined annual value for furniture and fixtures or actual hire charges; hotel accommodation valuation uses a prescribed percentage of salary or actual charges with a short stay exception; the definition of salary for these purposes expressly excludes specified items. Act-Rules F. Acts / Amendment Acts Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7796