Income-tax under sub-section (1) of section 117; (1D) "Additional Director" means a person appointed to be an Additional Director of Income-tax under ... been taken for the assessment of his income or assessment of fringe benefits or of the income of any other person in respect of which
levy has been paid; (ic) any sum paid on account of fringe benefit tax under Chapter XIIH; (ii) any sum paid on account
being an employer, who is required to furnish a return of fringe benefits under section 115-WD; [or] ] [and who has not been allotted ... deemed to be the permanent account number in relation to fringe benefit tax.] [ Inserted by Act 18 of 2005, Section
fringe benefits to his employees, shall, on or before the due date, furnish or cause to be furnished a return of fringe benefits ... opinion of the Assessing Officer, is responsible for paying fringe benefit tax under this Act and who has not furnished a return under sub-section
perquisites or fringe benefits is
justified both on grounds of equity and economic
efficiency. When fringe benefits are under-taxed,
it violates both horizontal ... value of
fringe benefit provided or deemed to have been provided to
employees based in India and no fringe benefit tax would be payable
115WG. Fringe benefits escaping assessment.
- If the Assessing Officer has reason to believe that any fringe benefits chargeable to tax have escaped assessment ... assess or reassess such fringe benefits and also any other fringe benefits chargeable to tax which have escaped assessment and which come to his notice
Section 115WA in The Income Tax Act, 1961
115WA. Charge of fringe benefit tax.
(1) In addition to the income-tax charged under this ... tax is payable by an employer on his total income computed in accordance with the provisions of this Act, the tax on fringe benefits shall
Section 115WJ in The Income Tax Act, 1961
115WJ. Advance tax in respect of fringe benefits.
(1) Every assessee who is liable to pay advance ... tax under section 115-WI, shall on his own accord, pay advance tax on his current fringe benefits calculated in the manner laid down
Section 115W in The Income Tax Act, 1961
115W. Definitions.
- In this Chapter, unless the context otherwise requires,- (a) "employer" means,- (i) a company ... Section 6 (w.e.f. 1.4.2006).] (b) "fringe benefit tax" or "tax" means the tax chargeable under section 115-WA. B.-Basis of charge
fringe benefits -- provided by
an employer to his employees, in addition to the cash salary
or wages paid, is fringe benefit tax.
28. Any benefits ... fringe benefits provided or
deemed to have been provided by an employer to his
employees. The liability to pay Fringe Benefit Tax shall be
there
