Tax withholding on benefits clarified: subsection now covers benefits or perquisites in cash, in kind, or both. Amendment renumbers the existing Explanation as Explanation 1 and inserts Explanation 2 clarifying that sub section (1) applies to any benefit or ... Summary
Tax withholding on benefits clarified: subsection now covers benefits or perquisites in cash, in kind, or both.
Amendment renumbers the existing Explanation as Explanation 1 and inserts Explanation 2 clarifying that sub section (1) applies to any benefit or perquisite whether in cash, in kind, or partly in cash and partly in kind.
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