what is FBT & where it is used?

Answer Posted / monika

FBT MEANS FRINGE BENEFIT TAX THAT IS THE AMOUNT WHICH IS
PAID AS TAX FOR THE EXPENSES DURING FINANCIAL YEAR EXAMPLE
CONVEYANCE, TELEPHONE EXP. CAR EXP., TRAVELLING EXP. ETC.

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

accounting taxation

1485


What we mean by MAT Credit Entitlement ???

6788


what is the case assesment of sales tax and vat.What is the proof of this case assesment.why we use the challan-c...???? Plz tell me someone...???

1796


If forth alphabet is f then what is TDS percentage ?

407


what is form requirment for monthly, quartely, and yearly sale return for haryana

1757






I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER FROM COMMERCIAL TAX DEPATMENT.

2233


Rules for filling Income Tax return for an Individual ?

1597


What items fall under the category of ‘securities’?

701


what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.

2901


how & on which amt tax should be calculate on pvt ltd company or ltd company

1986


hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.

1764


what is limit of form "16" or "31",c-form & form "11" or 3b during the issued on one time.

3037


At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.

2048


How to calculate sales tax ?

1306


What is difference between Contract and legel and legel and profession service???? I had face this question in interview

1898