02-25-2010, 03:53 PM
Anybody can define this?
<b>Self-hiring</b> - When an employee gives on rent any building (house/flat/apartment, etc.) owned by him or any of his/her family member(s) to his/her employer and the employer provides the same against the employees entitlement for a rent-free accommodation or housing, it results into
Provision of a perquisite (rent free accommodation or housing) by the employer to the employee chargeable as income from 'salary' and
Receipt of rent of land or building by the employee or any of his/her family members, as the case may be, chargeable as income from 'property' in the hands of the owner.
<b>Self-hiring</b> - When an employee gives on rent any building (house/flat/apartment, etc.) owned by him or any of his/her family member(s) to his/her employer and the employer provides the same against the employees entitlement for a rent-free accommodation or housing, it results into
Provision of a perquisite (rent free accommodation or housing) by the employer to the employee chargeable as income from 'salary' and
Receipt of rent of land or building by the employee or any of his/her family members, as the case may be, chargeable as income from 'property' in the hands of the owner.
