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Fringe Benefit TAx

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(Querist)
28 March 2008 Is there any difference in the fringe benefit rate for "conveyance" & for "Tour & travels".
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Jitender

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Jitender (Expert)
28 March 2008 yes, rate of valuation is 20% & 5 % respectively.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
28 March 2008 FOR CALCULATION OF TAXABLE VALUE CONVEYANCE IS 20% WHEREAS TOUR AND TRAVEL IS 5%
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R.V.RAO

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R.V.RAO (Expert)
28 March 2008 FOR ASSESSMENT YEAR 06-07 FBT ON CONVEYANCE AND TOURS AND TRAVELS INCL. FOREIGN TRAVEL@20%(CONSTRUCTION.PHARMA,SOFTWARE BUSINESS @ 5%).
FROM ASSESSMENT YEAR 2007-08 FBT ON CONVEYANCE IS TAXED @ 20% AND TOURS AND TRAVELS,FOREIGN TRAVEL @ 5%.
R.V.RAO

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