Fringe benefit tax

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CA Ysil Karunai (Querist)
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24 November 2008 Whether FBT is payable by an entity having no employee? for example, will law firms having retainer-relationsship arrangements and no employees be liable to pay FBT?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 November 2008 No.

Rahul

Rahul (Expert)
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24 November 2008 NO SINCE THERE IS NO EMPLOYEE THEREFORE NO FBT WILL BE LEVIED.

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CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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24 November 2008 No, as one of basis condition of FBT is that "Firm should have employees based in India".

Ravikumar.G

Ravikumar.G (Expert)
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24 November 2008 An entity, which does not have any employee on its rolls, will not be liable to FBT. Therefore, law firms having retainer-relationship arrangements and no employees will not be liable to FBT.