Tax paid on prerequisites by employer, should be part of salary as per income tax Act?
Instead of employer it paid by employee then what would make difference?
Menu
Tax on prerequisites
Replies (1)
1. No, for non-monetary perquisites [ vide sec.10(10CC) of IT act.]
2. Additional tax liability over employee, which is normally not added to salary for non-monetary perquisites.
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
