Hello Friends,
Is surcharge applicable on FBT irrespective of the Company's Taxable Income ?
Thanks in Advance
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FBT Surcharge
Replies (6)
Yes, In case of company & firm Surcharge on FBT is applicable irrespective of turnover. For refrence plz read finance act 2007.
CA Prashant
i also agree with prashant sir.
Thank you Sir . .
LK,.YI,IY,L
Surcharge is payable on FBT irrespective of the figure of Income of the Company or Firm. However, in case of FBT payable by AOP or BOI surcharge is payable if thr Total Income or Fringe Benefit exceeds 10 lacs.
True SC is compulsory.
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