Dear friends,
Please tell me the rate of FBT for cooperatives socities. Is surcharge ( @ 10%) on tax is applicable for this or not?
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Rate of FBT for Co-operative Socities
Replies (3)
FBT IS NOT CHARGED ON COOPERATIVE SOCITIES U/S10
co-operative socoieties is not covered
cooperative socity are definatly chargable for FBT bcoz it does not fall in defination of employer u/s 115w hence FBT rate is 30% & surcharge is definatly chargable if the amount is exceed Rs. 10 lakh
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