https://www.taxtmi.com/forum/issue?id=1536 Valuation of employee perquisites after removal of fringe benefit tax remains uncertain pending new Income Tax Rules; absent valuation provisions, reimbursements supported by evidence and incurred for employer business purposes should not be treated as taxable perquisites, and employers should await formal rulemaking while maintaining documentary proof and preventing abusive reimbursement practices. en-us Tue, 06 Oct 2009 13:37:40 +0530 Tue, 13 Oct 2009 17:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1536 Valuation of employee perquisites after removal of fringe benefit tax remains uncertain pending new Income Tax Rules; absent valuation provisions, reimbursements supported by evidence and incurred for employer business purposes should not be treated as taxable perquisites, and employers should await formal rulemaking while maintaining documentary proof and preventing abusive reimbursement practices. Discussion-Forum Income Tax Tue, 06 Oct 2009 13:37:40 +0530 https://www.taxtmi.com/forum/issue?id=1536