https://www.taxtmi.com/acts?id=8775 Where an employer pays fringe benefit tax on allotment or transfer of specified securities or sweat equity shares and 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 provided to that employee as determined under the related valuation provision; the employee may not claim refund or credit of that deemed payment against other tax liabilities. en-us Mon, 05 May 2008 21:54:53 +0530 Thu, 28 Aug 2025 14:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8775 Where an employer pays fringe benefit tax on allotment or transfer of specified securities or sweat equity shares and 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 provided to that employee as determined under the related valuation provision; the employee may not claim refund or credit of that deemed payment against other tax liabilities. Act-Rules Income Tax Mon, 05 May 2008 21:54:53 +0530 https://www.taxtmi.com/acts?id=8775