On Sec 37(1)

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.

If the investment is done in the company name no worry.
If it is in the employee name it is taxed as and when contribution is made.
In that case employer pay for Employee and ownership belong to Employer.....

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