Payment of fringe benefit tax.
- Notwithstanding that the regular assessment in respect of any fringe benefits is to be made in a later assessment year, the tax on such fringe benefits shall be payable in advance during any financial year, in accordance with the provisions of section 115-WJ, in respect of the fringe benefits which would be chargeable to tax for the assessment year immediately following that financial year, such fringe benefits being hereafter in this Chapter referred to as the "current fringe benefits".Previous
Sec 115WH — Issue of notice where fringe benefits have escaped assessment
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Sec 115WJ — Advance tax in respect of fringe benefits
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