We r a properitor ship and fringe benefit tax not applicable on us till finance bill 2009.we were providing perks like telephone and petrol to our employees..but now fringe benefit is removed..now my question is that our firm has no libilty for FBT as removed then emplyee has to pay tax on that perks or not??
09 July 2009
Thanx Mr Chackrapani But as FBT was not applicable on Prop'ship then on the abolishment of FBT how can we treat or add the value of that perks while valuing employee taxable income??
CAclubindia
