Model Proposal on Tax Absorption for Perquisites
In an effort to ensure a fair resolution, UBOA Kerala State submitted a Model Proposal to Union Bank of India’s Chief Financial Officer (CFO), urging the bank to absorb the perquisite tax on concessional interest rate loans. This proposal highlighted several key points: The proposal was forwarded to the Hon’ble Chairman and MD & CEO…
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High Court Directive: Consideration of UBOA Kerala State’s Representation
In a key development, the Kerala High Court directed Union Bank of India to review the representation submitted by UBOA Kerala State concerning the perquisite tax on concessional loans. UBOA Kerala raised important concerns regarding:
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