CA. Dashrath Maheshwari's Expert Profile

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Arihant Kuhar says : JOb
Hi sir i am looking for job in Jaipur in accounting and i am Ca PE-II.Can u help me?

Rupesh says : employer-employee
Thanks very Much Mr.Dashrath for the quick reply. i think now it very much clear to me that unless their is vested right in the hands of employee , it wan't be treated as perquisite. ok now only worry is , weather it is treated as Fringe benefit or not ? Bcoz if it is not treated as perquisite now than employee will not have to pay tax & therefore govt.is loosing the revenue. & if it is not perquisite than weather income tax people can ask to pay F.B.T on the premium paid by employer on insurance policy taken to motivate employee which is to be assigned to employee in the future ? thanks again. really appericiated your reply. with regards Rupesh shah

Rupesh says : employer-employee
Hi Mr.Dashrath, as you have ask to send querry one by one , but pls note that all question is related to employer employee insurance policy.it is send in a set of querries so that one can answer it keeping in mind the other question also. if you have any answer to my querry , pls send me. my querry is as follows in the employer/ee scheme , employer pay the premium on life of ( may be junior or senior level) employee to motivate emplyee or to retain employee,so premium paid by employer is taxable u/s 17(2)(v)in the hands of employee as perquisite. employer will assign this policy to employee after 3 to 5 years so that employee will continue the job & if employee leaves the job before this period than employer will not assign this policy to employee & may surrender the policy for cash.in this case employee is not enjoying any rights of this policy till the assignment is done. 1) weather in this scheme F.B.T is payable on premium paid if yes than only 20 % on 30 % of premium paid is payable i.e around 6 % & maturity is tax free in the hands of employee or non taxable again as perquisite.? it should not be tax as F.B.T since it is already define u/s 17(2)(v)otherwise it would be a double taxation. 2) if F.B.T is not applicable than on what value the perquisite is taxable i.e on premium paid or on surrender value?since u/s 17(2)(v) it is mention that tax is payable on premium paid. request you to get the clarification on this issues. Thanks warm regards Rupesh shah thanks

amol says : how can i pass entrey in tally7.2

umashankar vaishnav says : good morning sir
respected sir i want to know that is it compulsory from the ass year 2009-10 that an assessee have to submit original tds certificate - f - 16/16a/16aa along with there respective itr 's from umashankar gwalior