Is FBT applicablility
This query is : Resolved
23 July 2008
2 of our employees resigned and we had to pay an amount of more than 3.5 lakhs as gratuity...is FBT applicable for the company for the amount more than 3.5 lakhs..please advice
23 July 2008
Gratuity and PF are spared from the FBT.
Refer : Circular No.8/2005 dated 29th August 2005 issued by the Central Board of Direct Taxes, New Delhi. In this article an attempt is being made to highlight and this very exhaustive CBDT Circular as far as the same is relating to the Fringe Benefit Tax and the salaried employee.
Refer : Circular No.8/2005 dated 29th August 2005 issued by the Central Board of Direct Taxes, New Delhi. In this article an attempt is being made to highlight and this very exhaustive CBDT Circular as far as the same is relating to the Fringe Benefit Tax and the salaried employee.
30 September 2008
Mr.Prakash is correct
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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- ITC BENEFIT ON BROKRAGE PAID
- Residential status of non resident
- Gst reverse charge mechanism to be claimed in the month of payment
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- ITR 44AD SECTION
- GST ISD Query on various AMCs
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
