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when we have to use form 12ba in income tax with example
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Answer / vali
Form 12 BA is used to show the perquisites provided by the employer to employee
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Answer / anil kumar prajapati
Printed from www.taxmann.com
FORM NO. 12BA
[See rule 26A(2)(b)]
Statement showing particulars of perquisites, other fringe
benefits or
amenities and profits in lieu of salary with value thereof
1. Name and address of employer :
2. TAN :
3. TDS Assessment Range of the employer :
4. Name, designation and PAN of employee :
5. Is the employee a director or a person with
substantial interest in the company (where the
employer is a company)
:
6. Income under the head “Salaries” of the employee
(other than from perquisites)
:
7. Financial year :
8. Valuation of Perquisites :
S.
No.
Nature of perquisites (see rule 3) Value of
perquisite as
per rules
(Rs.)
Amount, if any,
recovered from
the employee
(Rs.)
Amount of
perquisite
chargeable to tax
Col. (3) - Col. (4)
(Rs.)
(1) (2) (3) (4) (5)
1. Accommodation
2. Cars/Other automotive
3. Sweeper, gardener, watchman or
personal attendant
4. Gas, electricity, water
5. Interest free or concessional loans
6. Holiday expenses
7. Free or concessional travel
8. Free meals
9. Free education
10. Gifts, vouchers, etc.
11. Credit card expenses
12. Club expenses
13. Use of movable assets by employees
14. Transfer of assets to employees
15. Value of any other
benefit/amenity/service/privilege
16. Stock options (non-qualified options)
17. Other benefits or amenities
18. Total value of perquisites
19. Total value of profits in lieu of salary as
per section 17(3)
(9) Details of tax,—
(a) Tax deducted from salary of the employee under
ti 192(1)
Printed from www.taxmann.com
section 192(1)
(b) Tax paid by employer on behalf of the employee under
section 192(1A)
(c) Total tax paid
(d) Date of payment into Government treasury
DECLARATION BY EMPLOYER
I,________________________________________ ,
s/o___________________________________working
as______________________________(designation) do hereby
declare on behalf
of__________________________________(name of the employer)
that the information given above is based
on the books of account, documents and other relevant
records or information available with us and the details
of value of each such perquisite are in accordance with
section 17 and rules framed therecunder and that such
information is true and correct.
Signature of the person responsible
for deduction of tax
Place Full Name
Date Designation
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