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Under which head

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(Querist)
29 April 2013 If a new car is gifted by an Employer, then under which head such car will be taxable i.e under salary or IFOS. & why
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VISHRUT

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VISHRUT (Expert)
29 April 2013 It will be taxable under the head income from salary as a perquisite in the from of transfer of movable property.
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Mayank Borana

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Mayank Borana (Querist)
30 April 2013 Vishrut thanks...i thought same as u.but i want to cnf. thnx a lot
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