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January 2010

New rules for valuation of perquisites and ESOPs notified — Notification No. 94/2009, dated 18-12-2009.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants
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  1. New rules for valuation of perquisites and ESOPs notified —
    Notification No. 94/2009, dated 18-12-2009.

Post FBT, Budget 2009 had restored taxation of perquisites
given to employees. The perquisite valuation rules (Rule 3) has been notified
with retrospective effect from 1st April 2009. Even the rule for ESOP
valuation and taxation thereof has been notified with effect from 1st April
2009.

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