Question ID :
40999
Perquisites
Hello Everyone!
Is it a taxable perquisites if employer provides cell phones to employees free of cost? Whether any impact if Employer either shows the (i). cell phones as assets to the company or (ii).Expense out the cell phones given to employees in the Profit & Loss account?
Posted by
Manisha
on
Mar 13, 2021
Filed Under
DIRECT TAXES
no. it will only be facilitator for doing thee work better and the employer benefits more
Posted by
CA. VENKITARAMAN K V on
Mar 15, 2021
Answer ID :
80991
Taxable perquisite under rule 3(7)(vii). Employer's accounting policy is irrelevant in this case.
Posted by
B.CHACKRAPANI WARRIER on
Mar 16, 2021