CBDT Notifies Corrigendum To Include Leased Or Rented House For Valuing Rent-Free Accommodation Perquisite Provided By Employers

The Central Board of Direct Taxes (CBDT) has notified the corrigendum to Notification No. 65/2023 dated August 18, 2023, that notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees.The corrigendum sought to insert the words “or taken on lease or rent” after the words “Provided also that where the...