What is mean by FBT (Fringe Benfit Tax)? How to calculate this?
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
FBT means the taxes levied by the Central Government on
Fringe benefits. it has been withdrawn from the Assessment
year 2010-11. Now it's not in force in India.
Is This Answer Correct ? | 4 Yes | 2 No |
Answer / yogesh
FBT as a tax was levied on the financial resources spent on
firm's secondary operations like travelling , phone
bills , refreshments and all that .
Is This Answer Correct ? | 0 Yes | 0 No |
Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.
what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.
Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.
HOW TO MAKE BALANCE SHEET OF PROPRIETOR? IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET? PLS ANSWER ME.
certificate of export is for which items?
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
if tiny payment made for computer parts or computer purchase or computer maintainance then how much TDS to be deducted. whether computer maintainance to be considered as contract & tax to be deducted (TDS) from the payment
what is GST and how it work
If We received Purchase bill for Rs. 67320 2% CST ( Ta Rs. 1320 on Assessable value of Rs. 66000/- ) against Form C but while making payment we had paid as per 12.50 % Tax amount i.e. 8250 . Total paid Rs. 74250/- then is it necessary to give Form C to the party?
What slab of Income Tax on till date.How many limit of investment for Indvidual.
WHAT IS EXCISE DUTY.
Any body plz guide me. I have making a invoice of 4% sales tax rate but actual rate of sales tax 5%.