Section 17 Amendment Expands "Perquisite" Definition to Include Employer Superannuation Fund Contributions Over Rs. 1.5 Lakh.

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Full Text of the Document

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....Amendment of section 17. - “perquisite” to include, inter alia, the amount of any contribution to an approved superannuation fund by the employer in respect of the assesse, to the extent it exceeds one lakh rupees. - Limit to excess to one lakh and fifty thousand rupees.....