No Income tax on income received on behalf of funds established for annual medical check ups0 comments Monday, June 20, 2011CBDT has issued a notification giving relief to the salaried class person by exempting the funds withdrawn from the welfare funds established for the purpose of meeting the cost of annual medical tests or medical checkups of the member, his spouse and dependent children.
Section 23AAA of Income Tax Act exempts income received by any person on behalf of fund esteblished for such purposes notified by the Board in the Official Gazette for the welfare of employees or their dependents subject to fulfillment of certain conditions. The following purposes were notified by CBDT vide notification No.[S.O.672(E) (F. No. 142/16/95-TPL)], DATED 27-7-1995:
Subscribe to:
Posts
(
Atom
)
Featured PostTCS to apply only on cash portion of sales transaction CBDT clarifiesWelcome clarification by CBDT on TCS on Cash Sale. CBDT vide Circular No. 23/2016 dt. 24 June 2016 has clarified on FAQs of stakeholde... 
AddThisShareThisGet updates via email, just subscribe below and click on activation link afterwards in your emailCategory
Right consultancy at right time avoids unnecessary litigation.
Popular Posts
FollowersAbout Me
FeedjitBlog Archive
WARNING
Nobody is permitted to copy or publish the articles existing on this blog on any website or on any other media without my express permission. Total PageviewsDisclaimer
No one is responsible for any claims if somebody finds that the information/opinions provided in this blog is incorrect and the blog is meant only to share knowledge and exchange views in a meaningful manner.
Useful Links
Powered by Blogger.
|
Subscribe To
Posts
All Comments
|
