CA
39 Points
Posted on 10 February 2010
no FBT IS ABOLISHED NOW AND ADVANCE FBT PAID WILL BE TREATED AS ADVANCE TAX FROM A.Y. 2010-2011.NOW FBT WILL BE TREATED AS PERQUISITE TAXABLE IN THE HANDS OF EMPLOYEE AND EMPLOYER HAS NOW TO DEDUCT TDS WHILE MAKING PAYMENT OF FRINGE BENEFITS