when we have to use form 12ba in income tax with example
Answer Posted / 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
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are the effects of international accounting standards on accounting practices of developing nations?
how to assign the cost center to GL Account in SAP (FICO)
what is the defination of mat n calculation of mat... with example this is applicable in company or firm, pl. discribe me.....thanx ashok
When Tds is applicable to deduct and wht is rate for different work panel?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
Sir how the enter of GST adjust of sales return
By saying, perpetual or periodic inventory system; what do we mean?
how will you adjust voluntary seperation payment in cash flow statement
WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
SHADOW BALANCE SHEET
what are the limitations of accounting conventions
how much cash transaction to single transport company per day and also per year
Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?
Assigning natural account to accounting seg. What will happen