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Perquisites - Use of Moveable Assets - Rule 3(7)(vii) - Income Tax - Ready Reckoner - Income TaxExtract Rule 3(7)(vii): USE OF EMPLOYER S MOVABLE ASSETS Taxable Value shall be 10% p.a. of the actual cost of asset (if owned by the employer) or Actual amount of hire charges (if taken on hire by the employer) as decreased by amount paid by the employee for such use. Exception: Nothing is taxable for use of LAPTOPS and COMPUTERS
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