Fringe Benefits Vs. Perquisites

the perqusites are covered u/s 17(2) of the IT Act and the FBT is covered u/s 115WA,115WB and 115WC. the basic difference between these two is that perquisites are taxable in the hands of the employee but fringe benefits are taxable in the hands of the owner.

Hi Sinha,

Thanks for the reply. Please let me know the difference in definitions of the terms,if any.

Hi Sinha,

Thanks for the reply. Please let me know the difference in definitions of the terms,if any.