Answer / ankit trivedi

F.B.T is a tax on Expense rather than tax on Income. It is
applicable to specified persons namely Firms, Companies etc.
Individual and H.U.F are exempted from the purview of F.B.T.
Taxable value of specified expenses is determined by
applying the relevant rate (for eg. 30% for conveyance)
specified in chapter XII - H of the Income tax Act, 1961.
Then tax is charged on such taxable value at the flat rate
of 30% (plus surcharge if applicable) plus 3% of education
cess. To avoid penelty in the form of interest Advance
F.B.T. is to be paid every quarter.

Answer / ashish baisoya

fbt tax is a tax payable by employer for the welfare of
employee

Answer / sourabh

fbt tax is a tax payable by employer on the value of
certain fring benfit their employee

this tax payable by an employer

its due to every fbr year (1apr09 to 31 mar)

fbt is treated by annual tax

Expand U L I P

3 Answers  

---

PURCHASE LABOUR CHARGE FROM R.K.DAS RS.6950AND TDSAPPLICABLE -

3 Answers  

---

example of aptitude ns

0 Answers   ANZ,

---

Is Bank Reconciliation Statement is compulsory prepared? Even when both cash & Bank Book are tally?

13 Answers   Alfa Textiles, Ascon, ETA, GE, IBM, Mphasis, OPI Global, Star,

---

Expand A G M

1 Answers  

---

What are Accounting Standards

1 Answers  

---

what is meant by bridge finance

2 Answers   Capital IQ,

---

what is differed revenue

2 Answers   Siemens,

---

explain accounting concepts

12 Answers   Capital IQ, Manufacturing,

---

what is suspence capital?

9 Answers   Capital IQ,

---

what do u mean by preliminary expenditure? what r they? where it is comes?

3 Answers   IBM,

---

PLEASE TELL IF I PAID BY CHEK ON 31 MARCH 2009 AND CLEAR IN THE BANK ON 5.4.2010.PLEASE EXPLAIN IT WHAT EFECT ON F.Y AND A.Y.?

2 Answers  

---