Answer / 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.

Answer / l.govinda.rao

Fringe benefit tax.
No limit

1. How to calculate vat @4% on a bill which also suffers Service Tax @ 10.30%. ie. Whether i hav to calculate on the basic or on the sum of Basic + service Tax. kindly clarify in this regard immdly. because som part of people says it sholud b calculated on the basic, another part of people says it should be calculated on the sum of Basic + Service tax.... 2. when we deduct TDS for the invoice? ie. In the invoice which suffers Vat & also Service tax or the invoice which suffers only Service Tax? Kindly clarify me immdly.

3 Answers  

---

DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?

0 Answers  

---

if we have amc any vendor 25,000 pa. should we deduct TDS

2 Answers   MAHINDRA,

---

is a pvt ltd. comp. can give advance against salary to his director.

0 Answers   AXA Business Services,

---

what is the rate of tax, when goos purchased from outside the state without way bill

1 Answers  

---

What is Profession Tax?

11 Answers  

---

Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.

0 Answers  

---

in excsie what is the function of PLA register?

1 Answers   Private,

---

Give details about TDS and its applicapable rates of latest year.

1 Answers   CA, Ratnakar Bank RBL,

---

Differentiate between financial year, assessment year and previous year?

0 Answers  

---

How tax deduction at source is deducted

0 Answers  

---

what do you mean by C form , meaning and example

29 Answers   Al Badr Seafoods, Axson Revocoat, C Form, Value Labs,

---