what is fringe benefit tax
Answers were Sorted based on User's Feedback
Answer / murrali dhandapani h
The Fringe benefit tax is to be paid to the government for
the purpose of using travel and tour expenses but now it is
fully exempted from the govenment.
actually it was paid by company like domestic company and
non domestic company their travel and tour expenses against
some one of the percentage wise like 20% 15% wise they have
to paid the tax to the government.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / subhash jha
The Fringe benefit tax is to be paid to the government for
the purpose of using any extra benifit. but now it is
fully exempted from 2009.
actually it was paid by company for extra expenses(like
travel and tour expenses)on employee entertainment against
some one of the percentage wise like they have to paid the
tax to the government. but now it is fully exempted.
short cut :- frienge benifit means extra expenses on
employee paid by company & also tax pay by company,
Is This Answer Correct ? | 0 Yes | 0 No |
i am working as an accountant. i forgot to deduct the TDS of one employee in year 2010-11 of Rs.1141/-. Now what is the procedure or solution for it?
In a case one company has paid surcharge of Rs100000 by mistake. What are the remedies available to the companies.
What is meaning of Advance Tax? How we will calculate? What is the %? Which form available for this? What is the penalty?
If IOCL give turnkey project to any contractor who will be got benifited with respect to tax(Direct/Indierct) and how.
How to calculate IT,TDS,ADVANCE TAX,VAT,CST,EXCISE DUTY,PT,ST.ESI.PF?
5 Answers Alp Consulting, Jaycon, KPMG, Manufacturing, Unique Circle Engineering,
Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P
THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?
what is income tax?
What is WHT (With Holding Tax)and how can i calculate? please give the example for understanding?
what is the need of information to the high level managment and what is the need of information to middle level managment
in the credit note vat amount is in vat on sale but next step whitch vat class is applicable input vat or out put vat ?
dear sir if i dont know the sell bill amount the. client give me 88036 amount cheque this cheque already cut tds 2.065% how will the service tax how i calculate this pls give easy process.