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Should this budget do away with FBT??
I believe cost of collection and complexitites of compliances should be as minimum as possible in a TAX.. FBT fails in the 2nd aspects as it only helps in increasing the complexities of filing return and in the end doesnt serve the purpose of simplfying taxes for the common man.. Lemme know what you ppl feel??
Replies (3)
Hii vivek,, even i feel the same,, when there is notthing that FBT can save and it is just an additional burden on all, wht the hell is the meaning keeping it still on...
as regards my suggestion is concerned .. i can say that if at all the are not willing to remove it ,, it can atleast be rationalised
Ya vivek, it is true that it is little complicated and the procedure is little time consuming but it has become a source of revenue to the government. I feel they cannot rationalise the terms of FBT.
Even i also feel the same. But i don't think our honourable FM will delete the provision of FBT so easily!
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