what is fbt can anybody send me rate of fbt
- 1 Answers
- 3378 Views
- I also Faced
- E-Mail Answers
Answer / gravi
Fringe Benefit Tax (FBT) was introduced in the Income-Tax
Act, 1961 through the Finance Act, 2005 which incorporated
Chapter XII-H in the Act w.e.f. April 1, 2006. It contains
provisions relating to definitions, charge of FBT, value of
fringe benefits, filing of return, assessment, best
judgment assessment, advance tax, etc., relating to FBT.
An employer who pays fringe benefits to his employees is
required to furnish a return of fringe benefits in the
prescribed form and deposit self-assessed tax in advance.
The assessing officer (AO) is required to make assessment
of fringe benefits. Chapter XII-H is thus a self-contained
code on FBT.
FBT is in addition to income-tax charged under the Act. Its
incidence is on the employer who provides or is deemed to
have provided fringe benefits to his employees. FBT is
charged at 30 per cent.
If you want to know about the rate of fbt,request you to
visit the below site.
http://crsharedalalco.com/FBT.htm
| Is This Answer Correct ? | 7 Yes | 0 No |
Can we sale materials to interstate unregister dealer
I RAISED SALES INVOICE TO DEBTOR GROSS 25000 +S.TAX 3090 TOTAL 28090 AND I RECEIVED 27528 CHEQUE FROM DEBTOR HOW TO ENTER THESE TWO ENTRIES IN TALLY AND HOW TO COMPARE ACCOUNTING STATEMENT
how to calculate service tax
I want to know that can we get input vat credit against tax invoice/retail invoice/& commercial invoices. Our auditor is saying that only tax invoice is libel for vat input credit. But many parties issue us retail invoice & commercial invoice.
we have paid excess tds amount in 194I 27000/- for f.y.2017-18 now can we adjust the same in upcoming month 2018-19?
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
i am newly started cement distribuition company how to maintain salex tax account in tally tnvat format recently its changed @14.5% pease any one post this answer
about E-1 Form ?
How to do entry for Income Tax Refund ?
what the meaning of tax
what do you mean by C form , meaning and example
29 Answers Al Badr Seafoods, Axson Revocoat, C Form, Value Labs,
Central Railway i.e. Central Govt. takes material through works Contract in Maharashtra State.The contractor purchases material from other states say M.P. or U.P. state. Due to inter state purchase of material the contractor is asking for C form. Whether Central Railway is eligible to get C form? Whether we will able to get C Form from Sales Tax Dept. so as to hand over to contractor ?
Audit 
