Day: August 20, 2023

CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer

AUG 19, 2023 The Finance Act, 2023 brought in an amendment for the purposes of calculation of “perquisite” with regard to the value of rent-free or concessional accommodation provided to an employee, by his employer. Accordingly, CBDT has modified Rule 3 of the Income-tax Rules, 1961 to provide […]

Prime Minister condoles loss of lives of Indian Army personnel in a mishap near Leh

AUG 20, 2023 The Prime Minister, Shri Narendra Modi has expressed deep grief over the loss of lives of Indian Army personnel in a mishap near Leh. He also wished the speedy recovery of those injured in the mishap.In a X post, the Prime Minister said;“Pained by the […]

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