Friday, 1 November 2013

Allowances paid to employees after payment of FBT are out of realm of TDS under sec. 192

IT: Where assessee-company as part of its scheme paid conveyance maintenance reimbursement expenditure allowance to all its employees as per their status and designation and paid FBT on this expenditure, provisions of section 192 [TDS provisions] were not attracted to such payment


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