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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Employers can modify agreements to recover fringe benefit tax from employees under Section 115WKA for benefits post-April 2007.</h1> Section 115WKA, introduced by the Finance Act of 2007, allows employers to modify agreements or schemes related to specified securities or sweat equity shares allotted or transferred to employees on or after April 1, 2007. This modification permits employers to recover the fringe benefit tax from employees to the extent that the employer is liable for such tax. This provision applies regardless of any existing agreement or scheme terms, ensuring employers can adjust the terms to cover their fringe benefit tax obligations related to the value of benefits provided to employees as outlined in section 115WC.
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