Basis Of Charge Of Tax On Fringe Benefits.1. .
Relaxation from penalty 30 A Types of Penalties imposed under Income Tax Act.In such case, the component would become non-taxable.Penalty for Failure to comply with provisions of relating to Permanent Account Number (PAN).Fringe benefits escaping assessment Section 115WG. .Valuation of Fringe benefits. .5,00,000 5 per cent.Meaning Of Certain Expressions Definitions Section 115W. .Penalty under section 272A(2).This amount would be Rs 2400 in case car is more capacity than 1600cc.Section 80U (Disabled/Handicapped person) : Deduction can be claimed if person has a disability. .Charge of fringe benefit tax Section 115WA. . No deduction. Final payment.
Claim of refund under fringe benefit tax Section 238(1A). .
Can Return Be Filied Beyond Time Section 139(4).
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