Fbt
This query is : Resolved
SUNIL THAKUR
(Querist)
09 November 2011
why fringe benefit tax is paid by employer ?
VIKAS KUNDU
(Expert)
09 November 2011
Dear Sunil, fringe benefit tax is not paid but was paid by employer i.e. it had been abolished with effect from assessment year 09-10. In answer why it was levied just to evade the co. and non co. from increasing their expenditure and to reduce their taxable income and finally to reduce their tax liability.
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