Answer Posted / anuj kumar
firstly its full form is frienge benefit tax.\
It is basically introduced due to perqusits which are given
to employer to employee which are not taxed in both the
hands now they are taxable.
for example petrol exp. of four wheeler which can be used
for personal & official both.
There must exist employer & employee relationship.
Tax Rate is 30% + surcharge + education cess 3%
| Is This Answer Correct ? | 17 Yes | 1 No |
Post New Answer View All Answers
Give a brief explanation of the fundamental accounting concept of prudence
plz send me hsbs finance questions asked in the interview ans appitude also
Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account
what is capital market and money market? what is primary market and secondary market?
what is debit/credit note ? what deffered income and expencess?
whst is detailed information aboutaccounting standards 20to 29
What do you mean Business
what is mean by T and E cosept
how many schedules are there in accounting?
difference between contra entry and double entry?
if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?
What is Analysing
to attend interview for real estate company accounts
how to make a project accounting in tally erp9 ?
How to raise my credit score if I have 500 credit score?