Insertion of new section 115WKB. – Deemed payment of tax by employee.

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....llowing section shall be inserted, namely:— "115WKB. (1) Where an employer has paid any fringe benefit tax with respect to allotment or transfer of specified security or sweat equity shares, refe....

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....ned under clause (ba) of sub-section (1) of section 115WC. (2) Notwithstanding anything contained in any other provisions of this Act, where the fringe benefit tax recovered from the employee is de....