Surcharge on FBT

This query is : Resolved 

01 August 2008 Please tell me if Surcharge on FBT is appliacble in case Partnership Firm's total income does not exceed 1 Crore.
(Whether surcharge applicable when the total income exceeds 1 crore but Value of fringe benefit does not exceed 1 Crores)

01 August 2008 surcharge is applicable on fbt irrespective of income.

02 August 2008 Any assesee on which FBT is appliacble surcharge will be applicable on FBT irrespective of income.




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