Cash Perquisites to Attract Income Tax and TDS, proposes Union Budget 2023 [Read Finance Bill]
While presenting the Union Budget 2023, the Finance Minister Nirmala Sitharaman has clarified that the Finance Act, 2023 shall include an explanation...
![Value of Medical Treatment Including Covid Treatment provided to Employee Not Perquisite, No TDS: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/12/Medical-Treatment-Covid-Treatment-Employee-Perquisite-TDS-CBDT-taxscan.jpg "Value of Medical Treatment Including Covid Treatment provided to Employee Not Perquisite, No TDS: CBDT [Read Circular]")
![One-Time Settlement of Debt by Bank not Perquisite from Business If Loan granted to Assessee was a Separate Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/CA-Certificate-ITAT-Taxscan.jpg "One-Time Settlement of Debt by Bank not Perquisite from Business If Loan granted to Assessee was a Separate Transaction: ITAT [Read Order]")
![Interest-free or Concessional Loan from Employer taxable as Perquisite: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Loan-Taxscan.jpg "Interest-free or Concessional Loan from Employer taxable as Perquisite: ITAT [Read Order]")
Education Subsidy given by Employer to Schools where Children of Employees pay only part Fee is not Perquisite: Gujarat HC [Read Judgment]
The Gujarat High Court in Gujarat Co-operative Milk Marketing Federation Ltd vs. Income Tax Officer, held that the subsidy provided by the employer to the school towards the deficit of education...
![Education Subsidy given by Employer to Schools where Children of Employees pay only part Fee is not Perquisite: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Perquisite-Taxscan.jpg "Education Subsidy given by Employer to Schools where Children of Employees pay only part Fee is not Perquisite: Gujarat HC [Read Judgment]")
Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]
In Addl. Commissioner of Income Tax vs. Bharat V. Patel, the Supreme Court held that the amount received from redemption of Stock Appreciation Rights (SARs) can be treated only as capital gains and...
![Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Receipt from Redemption of Stock Appreciation Rights is Capital Gain, prior to 1999: Supreme Court [Read Judgment]")
Interest-Free Loan to Director by Firm is not ' Perquisite ' merely because Company given Loan to said Firm: ITAT [Read Order]
While hearing the case of Mr. Anil Kumar Sharma, Delhi bench of Income Tax Appellate Tribunal (ITAT) recently ruled that interest-free loan from firm to a director of a Company which provided a loan...
Reimbursement of Credit Card Payments Incurred by Director on behalf of the Company during Foreign Visits is not Taxable as Perquisite: ITAT [Read Order]
In Gaurav Seksaria v. ITO, the Kolkata bench of the ITAT observed that reimbursement of credit card payments incurred by the Director on behalf of the Company to meet the business expenditure during...
![Reimbursement of Credit Card Payments Incurred by Director on behalf of the Company during Foreign Visits is not Taxable as Perquisite: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Credit-Card-Payments-Taxscan.jpg "Reimbursement of Credit Card Payments Incurred by Director on behalf of the Company during Foreign Visits is not Taxable as Perquisite: ITAT [Read Order]")
Foreign Business Tour by a Non-Employee Director/Shareholder of a Company is not Taxable as Perquisite: ITAT Delhi
In Mrs. Kinty Suri v. ITO, the Delhi ITAT held that foreign visits by a non-employee Director and shareholder for the purpose of business of company is not a perquisite within the meaning of section...
