Fringe Benefit Tax
This query is : Resolved
09 September 2008
author : deepika
Posted On : 9/9/2008 11:58:38 AM
hello to all,
I wanted to know whether surcharge on FBT is aplicable to all irrespective of amount paid on FBT or profit of an company.
its Quiet Urgent..................
Expert : rohit
Posted On : 9/9/2008 12:36:51 PM
Hi Deepika
For Company & Partnership firm the rate of FBT is 33.99%(i.e. IT+SC+EC) irrespetive of the amt of Fringe benefit or its total income.
CA Rohit
Surat
Expert : CA Rajesh S
Posted On : 9/9/2008 4:20:33 PM
SC IS applicable irespective of profits
Answer: Surcharge Is Applicable If Value Of Fringe Benefits Exceed 1 Crore in Case Of Companies.
Therefore, Tax Rate Will Be 30.90% Or 33.99% Depending Upon Value Of Fringe Benefits.
Experts Are Giving Answers Hurriedly Just For Sake Of Earning Points And Thereby Misguiding Others.
Posted On : 9/9/2008 11:58:38 AM
hello to all,
I wanted to know whether surcharge on FBT is aplicable to all irrespective of amount paid on FBT or profit of an company.
its Quiet Urgent..................
Expert : rohit
Posted On : 9/9/2008 12:36:51 PM
Hi Deepika
For Company & Partnership firm the rate of FBT is 33.99%(i.e. IT+SC+EC) irrespetive of the amt of Fringe benefit or its total income.
CA Rohit
Surat
Expert : CA Rajesh S
Posted On : 9/9/2008 4:20:33 PM
SC IS applicable irespective of profits
Answer: Surcharge Is Applicable If Value Of Fringe Benefits Exceed 1 Crore in Case Of Companies.
Therefore, Tax Rate Will Be 30.90% Or 33.99% Depending Upon Value Of Fringe Benefits.
Experts Are Giving Answers Hurriedly Just For Sake Of Earning Points And Thereby Misguiding Others.
09 September 2008
It is flat for the company as well as firms @ 10% on FBT irrespective of the limit of the profit.
09 September 2008
It is flat for the company as well as firms @ 10% on FBT irrespective of the limit of the profit.
09 September 2008
No.
It Does Not Depends Upon Profits But Value Of Fringe Benefits.
Plz Check Relevant Provision And Then Answer.
It Does Not Depends Upon Profits But Value Of Fringe Benefits.
Plz Check Relevant Provision And Then Answer.
09 September 2008
sir.
surcharge is applicable irrespective of value of fbt.
& plz don't allege anyone.
everyone has it's opinion.
surcharge is applicable irrespective of value of fbt.
& plz don't allege anyone.
everyone has it's opinion.
09 September 2008
I Am Not Alleging Anybody.
Opinion Is Of Need When There is Need To Test The Interpretation Of Law.
I Am Just Giving The Correct Answer For Sake Of One Who has Asked The Question
Opinion Is Of Need When There is Need To Test The Interpretation Of Law.
I Am Just Giving The Correct Answer For Sake Of One Who has Asked The Question
12 September 2008
Surcharge on Fbt allowed in all Co. Except AOI Where surcharge is applicable If exp exceed 1000000 Rs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
