Income-tax Act, 1961

Fringe benefits escaping assessment.

115WG. If the Assessing Officer has reason to believe that any fringe benefits chargeable to tax have escaped assessment for any assessment year, he may, subject to the provisions of sections 115WH, 150 and 153, assess or reassess such fringe benefits and also any other fringe benefits chargeable to tax which have escaped assessment and which come to his notice subsequently in the course of the proceedings under this section, for the assessment year concerned (hereafter referred to as the relevant assessment year).

Explanation.-For the purposes of this section, the following shall also be deemed to be cases where fringe benefits chargeable to tax have escaped assessment, namely:-

(a)	-	where no return of fringe benefits has been furnished by the assessee;
(b)	-	where a return of fringe benefits has been furnished by the assessee but no assessment has been made and it is noticed by the Assessing Officer that the assessee has understated the value of fringe benefits in the return;
(c)	-	where an assessment has been made, .... To read the full section download the app from Google Play store Latest Job Openings View all 23 May 2026 Article Assistant Geeta Manchanda & CO. New Delhi CA Inter View Details 06 May 2026 Account Assistant / Article Clerk V.K. Ranjan & Co(Chartered Accountants) New Delhi B.Com View Details ARTICLESHIP 23 May 2026 Article Assistants Acupro Consulting Gurgaon CA Inter View Details 11 May 2026 AUDIT INTERN M/S K.K.KHANNA AND COMPANY Noida CA Foundation View Details 22 May 2026 Sr. Financial Analyst - Consolidation Search Synergy Mumbai CA View Details 28 April 2026 Senior Accounts Professional Vivek S Gupta & Associates New Delhi B.Com View Details 11 May 2026 Post office Post office Anakapalle Others View Details 19 May 2026 Accountant ca kunjan Mumbai CA Inter View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Pocket  Print  Pinterest  PDF  Translate Whatsapp Groups GST Income Tax CA Final CA Inter CAclubindia Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register