clause, "trust" includes any other legal obligation ; (iii) the value of any perquisite or profit in lieu of salary taxable under clauses ... section 17 ; (iiia) any special allowance or benefit, other than perquisite included under sub-clause (iii), specifically granted to the assessee to meet expenses wholly
outside India to, the National Technical Research Organisation; (7) any allowances or perquisites paid or allowed as such outside India by the Government ... employee, being an individual deriving income in the nature of a perquisite, not provided for by way of monetary payment, within the meaning of clause
value of any benefit or perquisite, whether convertible into money or not, arising from business or the exercise of a profession;] [ Inserted
India or outside India; or (ii) to provide any benefit or perquisite, in whatever form, to a person, whether or not carrying on a business ... exercising a profession, and acceptance of such benefit or perquisite by such person is in violation of any law or rule or regulation or guideline
Section 17 in The Income Tax Act, 1961
17. "Salary", "perquisite" and "profits in lieu of salary" defined.
- For the purposes of sections ... annuity or pension; (iii) any gratuity; (iv) any fees, commissions, perquisites or profits in lieu of or in addition to any salary or wages
person responsible for paying any income in the nature of a perquisite which is not provided for by way of monetary payment, referred ... such payment is made a statement giving correct and complete particulars of perquisites or profits in lieu of salary provided to him and the value
fifth of his salary (exclusive of any allowance, benefit or other perquisite) or five thousand rupees, whichever is less;] [ Substituted
passed to any person for services rendered by him and includes perquisites as defined under the Income-tax Act, 1961 (43 of 1961); (79) “Schedule
Section 3 in Income Tax Rules, 1962
3. Valuation of perquisites.
- For the purpose of computing the income chargeable under the head "Salaries", the value ... perquisites provided by the employer directly or indirectly to the assessee (hereinafter referred to as employee) or to any member of his household by reason
business or profession; (b) salary, wages, annuity, pension, fees, bonus, commission, gratuity, perquisites or profits in lieu of or in addition to salary, whether paid
