tax impact on rent free accommodation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2010
A pvt ltd has taken a residential flat for it's director @ Rs.25000/- rent per month as rent free accommodation. Could u please update the tax implications in director's hand towards this rent free accommodation.
Regds
Regds
28 June 2010
15% of salary (incl all monetary perks) or the rent paid whichever is lower, less amount receovered from the director
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