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Fringe benifit tax

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(Querist)
30 September 2008 What is the rate for Festival expenses qualifying under FBT as per the amendment in the Finance Act 2008.
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
30 September 2008 20%
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Ravikumar.G

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Ravikumar.G (Expert)
30 September 2008 Festival Celebrations - 50% of Expenses incurred
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
30 September 2008 It is 50%
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