Alok is employed in BCD Co. Ltd. as Finance Manager. The employer transferred the following assets to him on 15th April, 2017: Furniture items acquired by the employer for ₹2 lakh in August, 2014 were given to Alok for ₹

Computation of taxable perquisites value in the hands of Mr. Alok for AY 2018-19 Particulars Amounts (₹) Amounts (₹) Furniture items (acquired in August 2014) 2,00,000 Less: Deduction @ 10% for Aug 2014 to Aug 2015 SLM basis (20,000) 1,80,000 Less: Deduction @ 10% for Aug 2015 to Aug 2016 SLM basis (20,000) 1,60,000 Less: Deduction @ 10% for Aug 2016 to Aug 2017 SLM basis – not applicable as it was sold on 15.04.2017 - 1,60,000 Less: Sale consideration received from Mr. Alok (50,000) Perquisites Value of Furniture Items 1,10,000 Total Perquisites Value chargeable in the hands of Mr. Alok 2,13,000