Thursday 15 May 2014

Contribution to approved superannuation fund isn’t a taxable perquisite until employee is entitled t

IT/ILT/AAA: Employer's contribution to the superannuation fund assures only future benefit to employees and they do not get any vested right at the time of making contribution to the fund - Therefore, such contribution could not be treated as taxable perquisite in the hands employee until they are entitled to receive it


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