Answer / m.sasikumar

FBT Stand for Fringe Benefit Tax. Fringe Benefit Tax on the
value of certain fringe benefits provided by employers to
their employees to be abolished.
Expenses heads aare as under
1) TelePhone Bill
2) Conveyance
3) Business Promotion
4) Staff Welfare
5) Vehicle Maintanance (only for 4 Wheel)
6) Tour and Travels.

Taxable ate of FBT

taxable slab rate is 20%and fbt slab rate is 33.99%

what is the latest percentage of work contract service Tax with Edu cess

2 Answers  

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How to do online submition of form 16 for the f.y-2007-08

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I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.

0 Answers  

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Hi,  Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.

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Our Company is engaged in Construction activities. We are going to purchase Exacavator Machine from the interstate. Whether the above purchase covered by issuing C form ? Whether can we apply for C Forms in sales tax Dept ? Please clarify sir

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Who will be authorized to collect Luxury Tax ? Is ther any form of returns for luxury tax? Bar & Restaurants are charging Luxury Tax @10%, is there any accountability for collection of luxury tax.

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Assume I paid an advance of Rs 50,000/- from contractor can we deduct TDS on that amount

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what to in pro

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how to calculate vat?

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what is meant by dearness allowance?

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The contractor final bill is 52lac we have calculate 2% tds 104000 so we have which amount paid to contractor

3 Answers  

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