INCOME TAX ON CASH benefits and perquisites : Budget 2023-24
Providing clarity on benefits and perquisites in cash Section 28 of the Act provides for income that shall be chargeable to income-tax under the head “Profits and gains of business or profession”. Clause (iv) of this section brings to chargeability the value of any benefit or perquisite, whether convertible into money or not, arising from… Read More »