FBT and TDS
This query is : Resolved
04 June 2011
Is there any circular that states that employee does not get taxed if FBT applies.
CA. Ajay Agrawal
(Expert)
06 June 2011
Double taxation can not be levied, Once in case of FBT and second in case of taxing the employees in respect of same benefits. hence employees dont get taxed
and also go through the following link
https://taxguru.in/income-tax/summary-of-rules-for-valuation-of-perquisites-for-assessment-year-2010-2011.html
and also go through the following link
https://taxguru.in/income-tax/summary-of-rules-for-valuation-of-perquisites-for-assessment-year-2010-2011.html
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