hi hi friends
i m an article student;;;; i dont hve basic knwoledge in FBT, kindly help in knwin tat;;;
i wanna a classification as which items comes under 50%,5%,20%' and exemptions;;;; and d reasons tooo
kindly help me
Priya . (CA -PCC) (131 Points)
06 September 2008hi hi friends
i m an article student;;;; i dont hve basic knwoledge in FBT, kindly help in knwin tat;;;
i wanna a classification as which items comes under 50%,5%,20%' and exemptions;;;; and d reasons tooo
kindly help me
CA Annie
(Chartered Accountant )
(747 Points)
Replied 06 September 2008
You can find the FBT calculator in the share files section:
saurabh
(CA)
(552 Points)
Replied 06 September 2008
50%FBT on vaue of FB provide >>> on gifts and scholarship, and festival celeb exp's
5% >>> on Tour & travel Exp
20%>> is a general rate of FBT having conveyance, business prom exp, conference, etc
For more details check out the share files section as our friend above has given link to that..
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India