FBT

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Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2010 what is FBT?Details regarding FBT.Urgent

CA. Pradeep Nayak

CA. Pradeep Nayak (Expert)
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28 July 2010 FBT is Fringe Benefit Tax. It was withdrawn wef 1st April, 2009.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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28 July 2010 FBT = Fringe Benefit Tax

FBT = An income tax levied on an employer on the expenses towards fringe benefits paid to their employee such as telephone expenses / medical reimbursement / staff welfare / gifts etc.

FBT was withdrawn w.e.f 01/04/2009.

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