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On Sec 37(1)

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Jasbir Pundir

25 Points Posted on 19 June 2020

if employer done some investment for employee....when employee are liable to pay tax on it

1 when actually amount received

2 when investment assign to Employee

pls suggested

regards

Replies (2)

Quick Summary

This discussion clarifies when an employee becomes liable for tax on investments made by their employer. Generally, if the investment is made in the company's name, there's no immediate tax concern for the employee. However, if the investment is made directly in the employee's name, tax liability arises at the time of contribution, even if the employer retains ownership.