Fringe benefit tax Applicability to Town muncicpalty for F.y
This query is : Resolved
godachappa.i angadi
(Querist)
21 June 2011
Whether fringe benefit tax is applicable to the Town Municipal council(a lo9cal Authority--Govt. of Karnataka for the Financial year 2006-07 & 2008-09?
On which item of expenditure covered let us enrich our knowledge regarding the same
On which item of expenditure covered let us enrich our knowledge regarding the same
CA PARAS BAFNA
(Expert)
21 June 2011
A local authority had bee defined as " employer" vide section 115W of chapter XII-H
of The IT Act.
*
FBT has become a thing of past. In its short life span it has generated much debates. Nobody liked this type of irrational tax on expenditure and that too where in we talk about taxes on Income.
*
However, some links are being provided
looking towards your curiousness to learn from the past -
*
https://www.caclubindia.com/share_files/fringe-benefit-tax-calculator-697.asp
*
https://www.caclubindia.com/share_files/files_download.asp?files_id=696
*
You may find many more in CAclub Share files from where I have gathered the above.
of The IT Act.
*
FBT has become a thing of past. In its short life span it has generated much debates. Nobody liked this type of irrational tax on expenditure and that too where in we talk about taxes on Income.
*
However, some links are being provided
looking towards your curiousness to learn from the past -
*
https://www.caclubindia.com/share_files/fringe-benefit-tax-calculator-697.asp
*
https://www.caclubindia.com/share_files/files_download.asp?files_id=696
*
You may find many more in CAclub Share files from where I have gathered the above.
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
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
