CBDT notifies Rectification in Income Tax Rules Valuing Rent-Free Accommodation Provided by Employers to Employees [Read Notification]

The Central Board of Direct Taxes (CBDT) vide notification number G.S.R. 636(E) issued a Corrigendum   on the Income Tax (Eighteenth Amendment) Rules Valuing Rent-Free Accommodation Provided by Employers to Employees.

“In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) No. 65/2023 dated 18th August, 2023, published vide No. G.S.R. 615(E), dated 18.08.2023 in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), —

(i) In line 1 of page 6 of the Gazette Notification G.S.R. No. 615 (E) dated 18.08.2023, after the words “Provided also that where the accommodation is owned” and before the words “by the employer and the same accommodation is”, the words “or taken on lease or rent” shall be inserted.”

The CBDT vide notification no. G.S.R. 615(E) has notified the rules for valuing rent-free accommodation provided by the employers to employees on 18th August 2023.

Read More: CBDT notifies rules for Valuing Rent-Free Accommodation Provided by Employers to Employees w.e.f September 1st 2023

To Read the full text of the Order CLICK HERE

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