Whether form 12ba still shall apply even for nil perquisites
This query is : Resolved
Guest
Guest
(Querist)
22 May 2013
Hi,
Someone may please reply to my basic query.
Query
Whether Form 12BA still shall apply even for NIL PERQUISITIES.
Ans : ..............
I will wait for the reply.
Someone may please reply to my basic query.
Query
Whether Form 12BA still shall apply even for NIL PERQUISITIES.
Ans : ..............
I will wait for the reply.
Guest
Guest
(Expert)
23 May 2013
As per rule 26 A (2) b, of income tax act, if salary of a person is in excess of Rs 150000, Form 12BA will be issued.
But the limit is increased to Rs 200000 by circular 8/2012 dated 5-10-2012
But the limit is increased to Rs 200000 by circular 8/2012 dated 5-10-2012
12 July 2013
I agree with the expert
12 July 2013
ya i agree but its rule 26A under income tax rules,1962.
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