Taxation Theory, Practice & Law
VerifiedAI Summary
The article discusses the computation of capital gains tax for various assets and the implications of CGT on the taxpayer. It also explains the concept of fringe benefits tax and its consequences for the employer and employee. The article further elaborates on the tax deductions that can be availed by the employer and the factors that determine the same. The subject matter is covered under Taxation Theory, Practice & Law and is relevant for students pursuing courses in accounting and taxation.