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Rent free accomodation Calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 February 2011 if a company provide Rent free accomodation to its employee from April 1, 2010 to january 15 2011. What value will be considered for the purpose of taxation. wheter it will be on prorata basis on the basis of number of days or on the basis of number of months. Please clarify. Thanks in advance
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
21 February 2011 Valuation of rent free accomodation should be calculated on the basis of number of month it is provided to employee

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