Income from Business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2011
Tax paid on non monetary perquisites by employer whether eligible for deduction in compution of total income of employer assessee??
27 May 2011
No, any tax having its genesis in IT or Wealth Tax is not deductible now except Banking Transaction Tax, which was there in the act and was deductible as an expense.
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