banner_ad

direct tax query

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 December 2009 Please can anyone give me a clear difference between fringe benefit and perquisite
Profile Image

CA SURENDRA KUMAR RAKHECHA

Profile Image

CA SURENDRA KUMAR RAKHECHA (Expert)
30 December 2009 There are deeming provisions in fringe benefit for the purpose of fringe benefit tax whereas perquisities are the facilities really given.

For practical purpose; fringe benefits are those which are without any contractual obligations whereas perquisities are given as part of salary by the employer.
Profile Image

CA.ViVeK M ACA

Profile Image

CA.ViVeK M ACA (Expert)
30 December 2009 The above contention is very true.
Fringe benefit Tax Is an additional tax payable by the employer inconnection with the benefit or amenities provided by the employer to his employee.

FBT shall be payable by the employer.

Perquisite on the other hand tax liability shall be cast on the employee in connection with the benefit or amenity received whether at free of cost or at concessional rate.
Profile Image

ANIL JANGID

Profile Image

ANIL JANGID (Expert)
30 December 2009 agree with expert
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
30 December 2009 AGREE
Profile Image

Subin Bazil Elias

Profile Image

Subin Bazil Elias (Querist)
31 December 2009 THANK U SIR...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details