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Fringe Benefit Tax

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(Querist)
06 July 2009 Dear Sir,
In the Budget 2009 speech today the Honbl. Finance Minister has announced the abolishment of FBT.

Since the payment of FBT for the 1st Quarter is due on or before 15th July, 2009, please clarify whether we should pay this amount or not.

Practically, the Finance Bill is yet to be passed in the parliament.

Regards
S. Anand
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Ratan Sharma

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Ratan Sharma (Expert)
06 July 2009 Hi,
No need to pay FBT as it is abolished.

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