surcharge on FBT

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manish

manish (Querist)
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27 May 2009 In Fbt surcharge is applicable or not For the assesseement year 2009-10

CA. Aryendra

CA. Aryendra (Expert)
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27 May 2009 Surcharge on FBT is as follows: –

(a) In case of AOP/BOI -10% of tax if fringe benefit is above Rs 10 lakhs

(b) In case of firm, company or artificial judicial person – 10% of tax irrespective of amount of fringe benefit

c) In case of non-domestic company – 2.5%

d) In case of local authority and cooperative society - Nil.

Abhishek Baheti

Abhishek Baheti (Expert)
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27 May 2009 surcharge is applicable as normal taxation provision

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manish

manish (Querist)
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28 May 2009 thanks