FRIENGE BENEFIT TAX
This query is : Resolved
Javed Ansari
(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
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
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
Javed Ansari
(Querist)
25 September 2008
THANKS FOR YOUR FIRSTLY REPLY
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.
25 September 2008
sorry javed for misleading. surcharge will be applicable irresective of the income. please make corrections.
Ravikumar.G
(Expert)
25 September 2008
Surcharge is applicable
25 September 2008
surcharge will be applicable
25 September 2008
Seems Mr.Vineet,Mr.Ravikumar and Mr.Gurdeep Singh Chawala are correct.
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