Surchage on FBT

This query is : Resolved

patel ishwarbhai harajibhai (Querist)
Follow

28 March 2009 We are working with co-operative union and we pay FBT on fringe benefits provided to employees regularly with surcharge.

But my confusion is that, we are registered as co-operative society under the co-op. Act.
and we pay tax for our income without adding surcharge because surcharge not applicable to co-op. society w.e.f. 2006-07, we have to pay surcharge on FBT.

Pl. clarify for above.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
Follow

28 March 2009 i dont think u will be liable for surcharge...

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

28 March 2009 there is no relif on sercharge on FBT.so sercharge on FBT is applicable to all.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

28 March 2009 If the employer is an AOP/BOI and if the fringe benefit does not exceed Rs.10,00,000/-no surcharge is payable. If exceeds rate of surcharge is 10%. Source:- page 141 of Taxmann's 'Taxation of FBT's' 4th edition.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now