fbt
This query is : Resolved
06 March 2009
the employer is paid an lic of the employee
so it applicable for fbt or not?
so it applicable for fbt or not?
06 March 2009
Under section 115WB(2)(E)- Only group personal accidental/wokmen comp. isurance premium not under a statutory obligations are covered.
There is nothing written about the single emplyee LIP premium.
In my opinion, you can avoid FBT and take the benefits.
There is nothing written about the single emplyee LIP premium.
In my opinion, you can avoid FBT and take the benefits.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Accounting with Claude
- NRI INSURANCE ADVISOR
- LIABILITY ADJUSTMENT
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
