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Perquisites - Lunch / Refreshment etc. - Rule 3(7)(iii)

Income Tax - Salary Income - 21 - Rule 3(7)(iii): VALUATION IN RESPECT OF LUNCH / REFRESHMENT. Etc. The value of free me .....

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rom the employee However, in the following cases TAXABLE VALUE of perquisite shall be taken to be NIL Free food and non- .....

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rs which are non transferable and usable only at eating joints if the value thereof does not exceed 50/- per meal (Taxab .....

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