https://www.taxtmi.com/acts?id=8463 Where an employer pays fringe benefit tax on allotment or transfer of specified securities or sweat equity shares and later recovers that tax from an employee, the recovered amount is deemed to be tax paid by the employee only to the extent it relates to the value of the fringe benefit attributable to that employee. Such deemed payment cannot be the subject of a refund or be credited against other tax liabilities. en-us Fri, 29 Feb 2008 20:22:19 +0530 Sat, 01 Mar 2008 01:02:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8463 Where an employer pays fringe benefit tax on allotment or transfer of specified securities or sweat equity shares and later recovers that tax from an employee, the recovered amount is deemed to be tax paid by the employee only to the extent it relates to the value of the fringe benefit attributable to that employee. Such deemed payment cannot be the subject of a refund or be credited against other tax liabilities. Act-Rules Bills Fri, 29 Feb 2008 20:22:19 +0530 https://www.taxtmi.com/acts?id=8463