51[Chapter XII-H52
Income-tax
on Fringe Benefits
A.Meaning of certain expressions
Definitions.
115W. In this Chapter, unless the
context otherwise requires,
(a) employer means,
(i) a company;
(ii) a firm;
53[(iii) an association of persons or a body of
individuals, whether incorporated or not;]
(iv) a local authority; and
(v) every artificial juridical person, not
falling within any of the preceding sub-clauses:
54[Provided
that any person eligible for exemption under clause (23C) of section 10 or registered under section 12AA or a political party registered under
section 29A of the Representation of the People Act, 1951 (43 of 1951) shall
not be deemed to be an employer for the purposes of this Chapter;]
(b) fringe benefit tax or tax means the tax
chargeable under section 115WA.
