Are there any tax implications if technical consultant receive non-monetary perks for their work?
Tax Implications Tax implication Yes, there may be tax-implication if a technical consultant receives non-monetary perks for their work. The Income Tax Act, 1961 (ITA) defines “”perquisite”” as “”any benefit or amenity granted or provided free of cost or at concessional rate by the employer to an employee.”” Non-monetary perks that may be taxable… Read More »
