Surchage on FBT

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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.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)

28 March 2009 i dont think u will be liable for surcharge...

Ram Avtar Singh

Ram Avtar Singh (Expert)

28 March 2009 there is no relif on sercharge on FBT.so sercharge on FBT is applicable to all.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

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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