Hello Friends,
Is surcharge applicable on FBT irrespective of the Company's Taxable Income ?
Thanks in Advance
Vidisha Jain (CA FINAL) (155 Points)
20 September 2008Hello Friends,
Is surcharge applicable on FBT irrespective of the Company's Taxable Income ?
Thanks in Advance
CA Prashant Shrivastava
(Service)
(407 Points)
Replied 20 September 2008
Yes, In case of company & firm Surcharge on FBT is applicable irrespective of turnover. For refrence plz read finance act 2007.
CA Prashant
Jitender
(Chartered Accountant)
(8724 Points)
Replied 20 September 2008
i also agree with prashant sir.
CA RAMESH KUMAR AHUJA
(CA, DISA, LLB)
(5452 Points)
Replied 27 September 2008
Surcharge is payable on FBT irrespective of the figure of Income of the Company or Firm. However, in case of FBT payable by AOP or BOI surcharge is payable if thr Total Income or Fringe Benefit exceeds 10 lacs.
CAclubindia
