Fringe benefit tax defines employer categories and excludes specified exempt entities for tax chargeability under section 115WA. Specifies that for Chapter XII-H the term employer includes company, firm, association of persons or body of individuals, local authority, and every ... Summary
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Fringe benefit tax defines employer categories and excludes specified exempt entities for tax chargeability under section 115WA.
Specifies that for Chapter XII-H the term employer includes company, firm, association of persons or body of individuals, local authority, and every artificial juridical person, with a proviso excluding persons eligible for specified exemptions or registrations from employer status; and defines fringe benefit tax or "tax" as the tax chargeable under the provision governing fringe benefits.
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