FBT and TDS

This query is : Resolved 

04 June 2011 Is there any circular that states that employee does not get taxed if FBT applies.

06 June 2011 Double taxation can not be levied, Once in case of FBT and second in case of taxing the employees in respect of same benefits. hence employees dont get taxed
and also go through the following link

http://taxguru.in/income-tax/summary-of-rules-for-valuation-of-perquisites-for-assessment-year-2010-2011.html



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