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Fringe benefit tax

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(Querist)
24 November 2008 Whether FBT is payable by an entity having no employee? for example, will law firms having retainer-relationsship arrangements and no employees be liable to pay FBT?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 November 2008 No.
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Rahul

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Rahul (Expert)
24 November 2008 NO SINCE THERE IS NO EMPLOYEE THEREFORE NO FBT WILL BE LEVIED.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
24 November 2008 No, as one of basis condition of FBT is that "Firm should have employees based in India".
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Ravikumar.G

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Ravikumar.G (Expert)
24 November 2008 An entity, which does not have any employee on its rolls, will not be liable to FBT. Therefore, law firms having retainer-relationship arrangements and no employees will not be liable to FBT.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
25 November 2008 No
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