surcharge on FBT
This query is : Resolved
27 May 2009
In Fbt surcharge is applicable or not For the assesseement year 2009-10
27 May 2009
Surcharge on FBT is as follows: –
(a) In case of AOP/BOI -10% of tax if fringe benefit is above Rs 10 lakhs
(b) In case of firm, company or artificial judicial person – 10% of tax irrespective of amount of fringe benefit
c) In case of non-domestic company – 2.5%
d) In case of local authority and cooperative society - Nil.
(a) In case of AOP/BOI -10% of tax if fringe benefit is above Rs 10 lakhs
(b) In case of firm, company or artificial judicial person – 10% of tax irrespective of amount of fringe benefit
c) In case of non-domestic company – 2.5%
d) In case of local authority and cooperative society - Nil.
27 May 2009
surcharge is applicable as normal taxation provision
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