Is FBT applicable for the AY 2010-11
Page no : 2
praveen
(Chartered Accountant)
(6971 Points)
Replied 08 July 2009
sankar rao
(accountant)
(22 Points)
Replied 17 September 2009
I WANT FBT CALCULATION FORMAT AND TAX RATES CHART . PLEASE .......
raju sinojiya
(audit assistant)
(34 Points)
Replied 14 December 2009
Is FBT is applicable for FY 09-10? if no then notification
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 14 December 2009
FBT IS ABOLISHED W.E.F. 01/04/2009 I.E. FROM AY 2010-11
M V N Ravi Kumar
(CA)
(58 Points)
Replied 19 December 2009
Employer should value prequisites as per rule 3 of the Income tax Act, in place of FBT wherever applicable
V@$U GUPT@
(CA)
(39 Points)
Replied 10 February 2010
no FBT IS ABOLISHED NOW AND ADVANCE FBT PAID WILL BE TREATED AS ADVANCE TAX FROM A.Y. 2010-2011.NOW FBT WILL BE TREATED AS PERQUISITE TAXABLE IN THE HANDS OF EMPLOYEE AND EMPLOYER HAS NOW TO DEDUCT TDS WHILE MAKING PAYMENT OF FRINGE BENEFITS
V@$U GUPT@
(CA)
(39 Points)
Replied 10 February 2010
no FBT IS ABOLISHED NOW AND ADVANCE FBT PAID WILL BE TREATED AS ADVANCE TAX FROM A.Y. 2010-2011.NOW FBT WILL BE TREATED AS PERQUISITE TAXABLE IN THE HANDS OF EMPLOYEE AND EMPLOYER HAS NOW TO DEDUCT TDS WHILE MAKING PAYMENT OF FRINGE BENEFITS
Anonymous
(Audit executive)
(32 Points)
Replied 15 February 2010
Yes FBT is abolished. The FBT alredy paid is treated as advance tax vide circular issued on 29-01-2010
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