https://www.taxtmi.com/notifications?id=6204 Amendments revise valuation of perquisites: substituted accommodation table (effective 1 April 2006) prescribes salary linked or actual charge based valuation and furniture uplift; a motor car table (effective 1 April 2008) defines valuation by engine capacity and use with nil valuation for wholly official use subject to documentary proof and allowance for higher official use claims; additional rules value employer provided transport, holidays, free food, gifts, credit card expenses and club membership at actual employer expenditure reduced by employee contributions, with specified de minimis exceptions and record keeping requirements; residual benefits are valued at arm's length cost. en-us Wed, 07 Nov 2007 00:00:00 +0530 Mon, 21 Jul 2008 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6204 Amendments revise valuation of perquisites: substituted accommodation table (effective 1 April 2006) prescribes salary linked or actual charge based valuation and furniture uplift; a motor car table (effective 1 April 2008) defines valuation by engine capacity and use with nil valuation for wholly official use subject to documentary proof and allowance for higher official use claims; additional rules value employer provided transport, holidays, free food, gifts, credit card expenses and club membership at actual employer expenditure reduced by employee contributions, with specified de minimis exceptions and record keeping requirements; residual benefits are valued at arm's length cost. Notifications Income Tax Wed, 07 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6204