Surchage on FBT
This query is : Resolved
28 March 2009
We are working with co-operative union and we pay FBT on fringe benefits provided to employees regularly with surcharge.
But my confusion is that, we are registered as co-operative society under the co-op. Act.
and we pay tax for our income without adding surcharge because surcharge not applicable to co-op. society w.e.f. 2006-07, we have to pay surcharge on FBT.
Pl. clarify for above.
But my confusion is that, we are registered as co-operative society under the co-op. Act.
and we pay tax for our income without adding surcharge because surcharge not applicable to co-op. society w.e.f. 2006-07, we have to pay surcharge on FBT.
Pl. clarify for above.
28 March 2009
i dont think u will be liable for surcharge...
28 March 2009
there is no relif on sercharge on FBT.so sercharge on FBT is applicable to all.
28 March 2009
If the employer is an AOP/BOI and if the fringe benefit does not exceed Rs.10,00,000/-no surcharge is payable. If exceeds rate of surcharge is 10%. Source:- page 141 of Taxmann's 'Taxation of FBT's' 4th edition.
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