IT Act 115WIChapter XII · H [ Inserted by Act 18 of 2005, Section 37 (w.e.f. 1.4.2006).] Income-Tax On Fringe Benefits
Section 115WI · Payment of fringe benefit tax
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- 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".
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