Query about perquisite
This query is : Resolved
02 April 2008
Company has paid tax of the employee who is the Director/ MD. It is a perquisite in the hand of employee and is taxable in hands of employee. Is there any notification or circular which tells about that it would not be taxable.
CA Hemant T Dewani
(Expert)
02 April 2008
your co. paying tax on behalf of the MD/director that is his salary it is not deductable to employ as well as employers you will directly credited to emp.a/c
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