Answer Posted / vishwajeet
FBT is the short form of FRINGE BENEFIT TAX newly introduced
in the budget 2005.
Tax on the expenses paid by the assessee during the
financial year. Expenses such as telephone expenses . food
and beverages, client entertainment expenses , etc. for
further details like limits, advance tax and date of payment
and assessment and appeals please refer section 115WA
onwards for the Income tax Act (Ammendment) Act 2005.
| Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
How tax deduction at source is deducted
In one year how many times tds, service tax, and Mvat is paid?
what are accounting principles
what is procedure of calculation of TDS by bank?
how much TDS required in telecommunication services ? Any types of Telecommunication, provider or services receiver
How can I Return CST Form-I
How should the personal assets of a salaried employee be shown in his books of accounts ?
Provision for Service tax, Income tax and Sales tax
what is reverse credit & how it is calculated in vat law in west bengal?
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)
What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
Hellow this is ravindra wanted to know about excise duty rates pls suggest