02 April 2008
Company has paid tax of the employee who is the Director/ MD. It is a perquisite in the hand of employee and is taxable in hands of employee. Is there any notification or circular which tells about that it would not be taxable.
02 April 2008
your co. paying tax on behalf of the MD/director that is his salary it is not deductable to employ as well as employers you will directly credited to emp.a/c
CAclubindia
