Interested to Buy Any Domain ? << Click Here >> for more details...
Difference Between FBT and TDS?
- 5 Answers
- 13280 Views
- Ascent, Nestle, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / r.rajesh
FBT is a Fringe Benefit Tax,This tax amount not deducted by
any person a/c. But it is payable amount to IT.
TDS is Tax Deducted at source, This we deducted from the
Party's credited amount. and that deducted amount remitted
to IT
| Is This Answer Correct ? | 22 Yes | 3 No |
Answer / radhika
Fringe Benefit tax is a tax payable by the Company to the
Government, on those benefits availed by the Company such as
Travelling expenses, conveyance, depreciation at fixed
percentage prescribed the Government.
TDS is Tax deduction at source, which has to be deducted if
the amount paid to the Company or a person crosses
particular amount prescribed by the Government.
The Company should pay the amount deducted to the Government
and issue the TDS Certificate to the person from whom the
same is deducted.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / umendar
fringe benefit tax is paid to IT on the fringe benefits
availed by the firm..... i.e., travelling exp, petrol &
diesel exp. etc.., whereas
tds means tax deducted at source
ex:- rent, professional charges etc
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / umendar
Fringe Benefit tax is a tax payable by the Company, in
addition to Income Tax, to the Government, on those
benefits availed by the Company such as
Travelling expenses, conveyance etc.,
Whereas,
TDS is Tax Deducted at source on salaries, rent, AMC
payments etc., and TDS returns should be submitted to IT
department on monthly basis before prescribed dates
| Is This Answer Correct ? | 3 Yes | 0 No |
FBT: Fringe Benefit Tax is the tax that is collected on
employer expenditure,ie,for every expense an employer done
for employee like conveyance,free food breverages etc.They
are not deducted @ source.
TDS: Tax Deducted @ source which is common for payment and
recepits. Either thing the the neccessary tax amount is
deducted from total amount and the seme will be remitted to
IT.
| Is This Answer Correct ? | 3 Yes | 0 No |
Expand ------NACo
hello I want to know that how export any ledger to excell from tally 5.4
what is the journal entry for tax refund?
28 Answers Firm, HSBC, Rahman Industries, Taj Group,
EXPAND______________IEEE
Short answer on Amalgamation
if cash deposited in to bank what will be entry?
What is BRS? What is the use of BRS?
what is minority interest?
basic rules in accounting
10 Answers CA, ITC Infotech, KDCC,
Who invented Double entry system of Accounting and when
what is the difference between take over and aquisation?
In Accounts payable process in BPO, how is the due date calculated? It should be Invoice date+ payment terms or Receipt date of invoice + payment terms?
2 Answers Accenture, FirstSource,
Audit 
