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Surcharge on FBT

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(Querist)
10 March 2009 Surcharge is not applicable in our company as profit is less than one crore. Will the surcharge @ 10% is applicable on FBT payable by our company?
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CA. MITHUN KHATRY

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CA. MITHUN KHATRY (Expert)
10 March 2009 yes
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
10 March 2009 Yes, in case of FBT, surcharge is fixed for assessees irrespective of turnover limit.
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