A Television (Movable Asset), given by an employer to his employee for use on 1st May2024 of worth INR 60,000.
On 30th November 2024, television was transferred to his employee permanently and INR 44,000 was charged from the employee for same.
The employer purchased the television on 15th December 2023.
What shall be the total value of perquisite?
Ambiguity areas:
- Television will be covered under which head for the said perquisite purpose – Computer & Other electronics, Motor car, or other assets?
- In use of asset, shall the taxable amount divide in months of usage or for full year?
- Depreciation treatment in case of sale of asset.
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