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Answer Posted / 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.
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