Example:-. On 15th October 2014, the company gives its music system to Y for domestic use. Ownership is not transferred. Cost of the music system (in 2003) to the employer is 15,000

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....ites - Use of Moveable Assets - Rule 3(7)(vii) Income Tax – Salary<br>Income Tax<br>Manuals<br>Dated:- 11-8-2015<br>Chapter No. 25 - Salary - Perquisites - Use of Moveable Assets - Rule 3(7)(vii) .....