Income from Salary - III

[@nandhini2701]

Greetings Sir.... Under taxable perquisite sub-rule7(viii)of Rule 3 transfer of moveable asset..
For motor cars, depreciation is computed based on 20% on WDV Sir...In the sum,why have we considered it as SLM,Sir? And we have given nil Sir...
Otherwise thoroughly enjoyed the session, Sir...Thank you so much!!

[@sahasrisingar]

For car, it is WDV only. Anyhow value is zero, if asset transferred is 10 years old.
Thank you,
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[@nandhini2701]

@@sahasrisingar Okay Sir... Thank you so much! 😊

[@anbutamil6074]

Sir perquisites 3(7)III Free meals rs.50 more than fully taxable
Or
Meal rs.70
Taxable Rs.70
Taxable Rs.20

[@sahasrisingar]

Fully taxable if in excess of Rs.50.
If meal value is Rs.70, then Rs.70 is taxable.

[@niranjanasachi5482]

Business pandragana pgbp laya sir pannanum

[@sahasrisingar]

S

[@niranjanasachi5482]

Thanks sir for ex.. Xerox shop means in salary r pgbp sir?

[@sahasrisingar]

@@niranjanasachi5482
For xerox shop, PGBP only.
Thank you,
Sahasri Singar Academy would love your feedback.
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[@niranjanasachi5482]

@@sahasrisingar nandri Sir

[@niranjanasachi5482]

@@sahasrisingar sir y ac is other assets?

[@gayathriumakrishnamoorthy960]

Sir tomorrow morning live class irukkuma