Does section 115WB create two classes of fringe benefits under sub-section (1) and (2) i.e., fringe benefits and deemed fringe benefits?
Section 115WB defines ‘fringe benefits’. Sub-section (1) refers to the specific fringe benefits provided by the employer to employees, whereas sub -section (2) provides that fringe benefits shall be deemed to have been provided by the employer to his employees if the employer incurs any expense on or makes any payment for the purposes enumerated in clauses (A) to (P).
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