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Surcharge on FBT payable by company

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(Querist)
09 March 2009 Why surcharge is payable on FBT irrespective of any limit in case of company.....???????????
i want to know the reason behind this.....
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
09 March 2009 Simple reason, Because It is mentioned in the Income Tax Act.

Rules for applicabilities of Surcharge rates are different from income tax.

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