FRINGE BENEFIT TAX
This query is : Resolved
22 January 2009
Fringe Benefit Tax is applicable for individual of partnership firm? and what is the critarea of Fringe Benefit Tax for individual of partnership firm?
Deepak Agrawal
(Expert)
22 January 2009
The FBT is imposed on the following entities:
1 Company
2 Firm
3 Association of person and body of individuals
4 Local authority
5 Artificial juridical persons
Exempted Entities. The following are not considered employers for the purpose of fringe benefit tax:
* An individual,
* A Hindu undivided family,
* Entity eligible for exemption under section 10(23C) or registered under 12AA,
* Central Government or State Government, and
* A political party.
1 Company
2 Firm
3 Association of person and body of individuals
4 Local authority
5 Artificial juridical persons
Exempted Entities. The following are not considered employers for the purpose of fringe benefit tax:
* An individual,
* A Hindu undivided family,
* Entity eligible for exemption under section 10(23C) or registered under 12AA,
* Central Government or State Government, and
* A political party.
CA.ViVeK M ACA
(Expert)
22 January 2009
It is applicable on individual parteship also
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
