Tax Paid on Perquisite: No Exemption Claimed, No Disallowance u/s 40(a)(v) of the Income Tax Act.

Tax Paid on Perquisite: No Exemption Claimed, No Disallowance u/s 40(a)(v) of the Income Tax Act. https://www.taxtmi.com/highlights?id=36011 Addition u/s 40(a)(v) - ‘Tax’ on ‘Tax perquisite’ - Assessee has paid tax on tax and not claimed exemption u/s 10(10CC) - Therefore there can not be any disallowance u/s 40(a)(v). en-us Tue, 22 Aug 2017 07:27:14 +0530 Tue, 22 Aug 2017 07:27:14 +0530 TaxTMI RSS Generator Tax Paid on Perquisite: No Exemption Claimed, No Disallowance u/s 40(a)(v) of the Income Tax Act. https://www.taxtmi.com/highlights?id=36011 Addition u/s 40(a)(v) - ‘Tax’ on ‘Tax perquisite’ - Assessee has paid tax on tax and not claimed exemption u/s 10(10CC) - Therefore there can not be any disallowance u/s 40(a)(v). Highlights Income Tax Tue, 22 Aug 2017 07:27:14 +0530 https://www.taxtmi.com/highlights?id=36011