what is fbt can anybody send me rate of fbt
- 1 Answers
- 3364 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 |
what is H Form
In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in
Is VAT & CST should be charged at a time on one purchased item? please give more clearity on this issue?
we are registered dealer of VAT(sale tax) for different states regarding consutruction of chimney and roc, we also purchase material inter-state under cst . so, please someone help regarding VAT+VAT TDS+CST+WCT+Service tax both under composition scheme and non-composition and any related site or recommened books which one solve queies. Thank u
why is service tax set off is consider while calculating wct tds
if i am a normal salaried employee and will not come under IT payer slab, if i have received a monitory help of Rs.15lacs from my friend who is staying abroad and it is on returnable basis, how i can show this in my IT remittacnce? is there any taxes i have to pay?. if i am going to payback him every year 1lacs how i have to show this? please suggest me Reg RK
WHEN FORM VAT R-2 USE?
when charges PURCHASE @ 12 % TAX RATE ?
Rules for filling Income Tax return for a domestic manufacturing company.
0 Answers Construction, Ranbaxy,
WHAT IS THE FREQUENCY OF FILLING OF SERVICE TAX RETURN?
7 Answers Crossword, Progressive,
At what rate firms are required to pay tax on their income?
Igave a cheque of Rs 25000/- to a Professional. Do I deduct TDS on Rs 25000/, then after three months I further pay the same Professional Rs 40000/-.Have I to pay Tds on 25000 Or Rs 65000/- or only Rs 40000/-,Have I to pay interest on delayed payment for Rs 25000/-?
Audit 
