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FRIENGE BENEFIT TAX

This query is : Resolved 
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(Querist)
25 September 2008 HI
PLZ SOLVE MY PROBLEM
MY TURNOVER IS LESS THAN RS.1 CRORE(IN CASE OF PVT.LTD. CO.)I WANT TO DEPOSIT MY FRIENGE BENEFIT TAX.SHOULD I INCLUDE SURCHARGE ON FBT

WILL U PLZ GIVE ME REFERENCE OF SECTION OR CIRCULAR
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Vineet

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Vineet (Expert)
25 September 2008 no Javed there is no need to pay surchage as this govern by the yearly fin. act not by the IT act. and the same rule apply to this which apply on normal income
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Javed Ansari

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Javed Ansari (Querist)
25 September 2008 THANKS FOR YOUR FIRSTLY REPLY
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
25 September 2008 Surcharge At 10% in Case Of Domestic Companies And 2.5% in Case Of Other Companies is Compulsory for F.Y 2007-2008 i.e A.Y 2008-09.
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Vineet

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Vineet (Expert)
25 September 2008 sorry javed for misleading. surcharge will be applicable irresective of the income. please make corrections.
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Ravikumar.G

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Ravikumar.G (Expert)
25 September 2008 Surcharge is applicable
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
25 September 2008 surcharge will be applicable
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 September 2008 Seems Mr.Vineet,Mr.Ravikumar and Mr.Gurdeep Singh Chawala are correct.
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