Archived; click post to view.
Excerpt: A News You Can UseCBDT has notified new rules for valuing the specified securities for the purpose of fringe benefit tax. The rule 40D given below is self explanatory [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART -II- Section 3- Sub-section (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification New Delhi, the 18th January, 2008 INCOME-TAX S.O. 113(E). – In exercise of the powers conferred by section 295 read with Explanation (i) to clause…
