Answer Posted / ajoy kumar rai
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.
IT IS USED IN CALCULATION OF SALARY.
IT HAS BEEN ABOLISHED FROM F/Y 2009-10.
AJOY RAI
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Dear Friends, Hai, i want to Know that How To Fill ETDS Return. Kindly Tell I'wll we very thankful to you. Deepak Gupa
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
is there any specific percentage related to lower tax deduction under tds
What are the streamlined sales and use tax agreement?
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
Is wct charged on firm or proprietors ?
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
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.
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
when form h, form d, form 38, form h issu , what is the process of get it , who is the liable to get it , any % tax apply against issu this form, please give me answer on my e.mail sonidilip87@yahoo.com