Poonawalla fincorp
Poonawalla fincorp

Hra considered as perquisite

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01 October 2012 A company provides accomodation facilities to its employees free of charge and hence does not give any HRA.
At the same time it considers the above facility as a perquisite and adds the same in the income of the employee.
Is this valid?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
01 October 2012 Yes, Its Valid for Taxation Point of View.
No Deduction is Available in This Regards.
Perquisite Value is Taxavble amt.
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01 October 2012 thank you for prompt reply...
cn u plz quote a section under the relevant ac where i can find this provision?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
01 October 2012 Read With Section 10(13A)
Read With Rule 17 Perquisite Rile of Income Tax Act
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01 October 2012 thank you...

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