Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 13 January 2011
In terms of the provisions of Chapter XII-H of the Act, an employer, being a company, is liable to pay FBT in respect of the fringe benefits provided or deemed to have been provided by it to its employees, directly or indirectly, during the previous year. It is now abolished.
For general information you can refer /articles/fringe-benefit-tax-at-a-glance--642.asp
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
CAclubindia
