Rules regarding Prequisites are bulky one. And it would be an article to write on it.
You can refer rule number 3 of income tax to understand the valuation. And prequisit are considered as salary income as per section 17(1).
Your answer could be answered if you are little more specific and tell regarding which prequisit you want detailed explaination.
Posted 3 years, 10 months ago by CA Pulkit Sharma
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