Example:-The employer sells the following assets to the employees on 1st January 2015. Car to Z for 2,10,000 (Cost: 6,96,000) Computer to A for 24,270 (Cost: 1,17,000) Fridge to B for 1,000 (Cost: 40,000) All assets were purchased and put to use on 15th May 2012

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - Chapter No. 26 - Salary - Perquisites - Sale of Moveable Assets - Rule 3(7)(viii) The taxable value of the perquisite in the hands of Z, A, B shall be determined as follows: Particulars CAR COMPUTER FRIDGE Cost of the asset as on 15 th May 2012 6,96,000 1,17,000 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X