Joy Ltd. transfers a Honda City car to its employee Happy after using it for 4 years and 10 months, for ₹ 2,10,000. The cost of the car is Y10,00,000. The value of taxable perquisite in the hands of Happy is:

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Question:Joy Ltd. transfers a Honda City car to its employee Happy after using it for 4 years and 10 months, for ₹ 2,10,000. The cost of the car is Y10,00,000. The value of taxable perquisite in the hands of Happy is:

1.₹ 1,17,680

2. ₹ 1,99,600

3.Nil

4.₹ 7,90,000

Posted by R4R Team
  1. Joy Ltd. transfers a Honda City car to its employee Happy after using it for 4 years and 10 months, for ₹ 2,10,000. The cost of the car is Y10,00,000. The value of taxable perquisite in the hands of Happy is:
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