Dear friends,
Please tell me the rate of FBT for cooperatives socities. Is surcharge ( @ 10%) on tax is applicable for this or not?
3 Replies
Divya sharma
(CHARTERED ACCOUNTANT)
(250 Points)
Replied 28 September 2008
FBT IS NOT CHARGED ON COOPERATIVE SOCITIES U/S10
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 06 October 2008
co-operative socoieties is not covered
Kuldeep Maloo
(Audit Manager)
(90 Points)
Replied 19 November 2008
cooperative socity are definatly chargable for FBT bcoz it does not fall in defination of employer u/s 115w hence FBT rate is 30% & surcharge is definatly chargable if the amount is exceed Rs. 10 lakh
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