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FBT and TDS

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

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CA. Ajay Agrawal (Expert)
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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