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anil kumar (service)     21 December 2009

Notification No. 94/2009 on perquisite value notified

The CBDT has substituted Rule 3 of the Income Tax Rules and rules for computation of Income on the perquisite  value of residential accomodation, use of motor car, movable assets, etc.  provided to employee by the employer are dealt with in detail which would be of concern to the salaried employees. Please be guided by the same and plan tax liability at the earliest.



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