https://www.taxtmi.com/notifications?id=7561 The amendment revises Rule 3 to allow perquisite valuation of employer-provided motor cars and employer-paid credit card expenses to be based on actual amounts charged, met or reimbursed reduced by amounts attributable to official use, provided the employer maintains detailed records (journey or expenditure details and business expediency) and issues a certificate that the expenditure was wholly and exclusively for official duties; a business-purpose exception similarly applies where these conditions are satisfied. en-us Tue, 23 Jul 2002 00:00:00 +0530 Fri, 18 Jul 2008 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=7561 The amendment revises Rule 3 to allow perquisite valuation of employer-provided motor cars and employer-paid credit card expenses to be based on actual amounts charged, met or reimbursed reduced by amounts attributable to official use, provided the employer maintains detailed records (journey or expenditure details and business expediency) and issues a certificate that the expenditure was wholly and exclusively for official duties; a business-purpose exception similarly applies where these conditions are satisfied. Notifications Income Tax Tue, 23 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=7561