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FBT

viswas (Student) (25 Points)

29 October 2007

Whether FBT is applicable on Two wheelers?

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viswas (Student) (25 Points)
Replied 29 October 2007

FBT is not applicable on two wheelers. Just require a circular reference for the same

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(Guest)

What is FBT and how it is charge in income Tax and what is importance

CA. Kirti S. Ganatra (Service) (1461 Points)
Replied 30 October 2007

FBT means Fringe Banefit Tax. It is seperate from Income Tax it is not to be reduced from Income Tax calculated like TDS. It is the employer's liability to pay FBT on specific expenses

NANDURI RAVI SURYA NARAYANA MU (ACCOUNTANT) (194 Points)
Replied 31 October 2007

CO OPERAVTIVE SOCIETY HAVING FBT? PLEASE GUIDE ME

Rahul (Service) (23 Points)
Replied 02 November 2007

whether FBT is appicable on Reimbusement to employee towards (Air fare / Train Fare)

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(Guest)

Yes, It is applicable on all travelling exp

(Guest)

Yes it is appicable under sec 115WB(F)

Amit Sharma (article) (2677 Points)
Replied 12 December 2007

Yes, u/s 115WB(f)

Amit Sharma (article) (2677 Points)
Replied 12 December 2007

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