Joy Ltd. transfers a Honda city car to its employee Happy after using it for 4 years and 10 Months for ₹ 2,10,000. Cost of the car is ₹ 10,00,000. The value of taxable perquisite in the hands of Happy is –
A. ₹ 1,17,680
B. ₹ 1,99,600
C. Nil
D. ₹ 7,90,000
Answer:B
Joy Ltd. transfers a Honda city car to its employee Happy after using it for 4 years and 10 Months for ₹ 2,10,000. Cost of the car is ₹ 10,00,000. The value of taxable perquisite in the hands of Happy is –
A. ₹ 1,17,680 B. ₹ 1,99,600 C. Nil D. ₹ 7,90,000