26 July 2007
As per ammendment in 2007,valuation mechanism in perquisite in respect of rent free accomodation.The tax on basis of population cut by old rate calculating 15% of salary.In what way refund can get by filling in I-TAX return?As there is no specific column for the same in form ITR-1.Please guide me. DINKAR PANDYA
The lower rates based on population are applicablke on concessional rate accomodation not for rent free accomodation. Pl note. In my opinion assessee to file revised returns of previous years for claiming the reduction in House perks valuation in case of rent free accomodation.
CAclubindia
