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FRINGE BENEFIT TAX
Canada is facing its own Brexit moment — Alberta separatists just hit a massive referendum milestone, and Ottawa has a very big problemAlberta separatists say they have enough signatures. The number is striking. Nearly 302,000 names submitted. The legal threshold was 178,00...
Used meal card benefits? Form 12BA deadline alert: Why salaried employees must collect it by April 30 for filing ITR for AY 2026-27Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...
AIF returns explained: Why high alpha may exist on paper, not in cash returned to investorsAlternative Investment Funds have delivered an average alpha of 9% over the Sensex, but most of that exists only in valuations, not in cash...
Some other items in Budget 2019The government has provided a meagre Rs 2 lakh for recapitalisation of public sector banks. Equity support to Air India is seen at Rs 1 lak...
Fringe benefits availed by employees liable to GSTThe fringe benefits are transactions in furtherance of business. "Even if supplied without consideration, the same are deemed supply" and w...
- What are Fringe benefit tax (FBT) & STT?
Fringe Benefit Tax (FBT) is the taxation of perquisites provided by the employer to his employees, in addition to the cash salary or wages ...
Shome Panel in favour of getting back Fringe Benefit Tax, Banking Cash Transaction Tax“This is a good temporary administrative measure for enhancing tax collection, until rising income tax collection makes it unnecessary,” th...
- No FBT on free of cost accessories given by car dealers: HC
Car dealers are not liable to pay Fringe Benefit Tax (FBT) on the extra fitments and accessories that a dealer gives to his customer while ...
- Taxability of ESOPs depends on Assessee's residential status
Companies view ESOPs as employee retention tools, serving the dual objective of rewarding employees for performance and loyalty and creatin...
- Q& A: Taxation
Exemption under section 54 /54 F/54 EC is not available for short-term capital gains. However, you can check if you are eligible to claim e...
- Fringe benefit tax to hit employees with company cars
The new perquisite rules have been notified and are applicable from April 1, 2009, for the current financial year.
Fringe benefit tax on exporters must goThe commerce dept has asked for the removal of FBT on exporters in its list of key reform proposals to be included in the 100-day reform ag...
- Fringe Benefit Tax on ESOPs growing steadily
With March 15 approaching, the buzz around Fringe Benefit Tax (FBT) on ESOPs or employee stock options is growing steadily louder, as compa...
- Bharti Airtel to recover FBT from employees
The board of Bharti Airtel Ltd has approved modification in the company's ESOP Scheme 2001 and 2005, to recover fringe benefit tax and any ...
- Foreign NGOs may face fringe benefit tax
The Indian Authority for Advance Rulings (AAR) has decided in a recent case that a foreign non-governmental organisation (NGO) is liable to...
- Companies not happy with diluted fringe benefit tax
Although FM Chidambaram on Monday some aspects of the Fringe Benefit Tax (FBT), the corporates are still critical about it.
- No FBT on ads, but tax on phones gets shriller
Finance minister P Chidambaram is set to keep his promise of exempting expenses incurred on advertising from the proposed fringe benefit ta...
- FM to finetune language of fringe benefit tax
P Chidambaram has said that the CII, Assocham and Ficci could send one or two members each who would sit with Finance Ministry officials to...
- Fringe benefits tax to cost India, Inc. Rs 430 crore: Crisil
Rating agency Crisil Ltd on Thursday said the proposed fringe benefit tax will cost Indian corporates Rs 430 crore while it estimates seven...
- Fringe benefit tax on some perks
Employers giving perks other than conveyance and canteen allowances will now have to pay a Fringe Benefit Tax at the rate of 30 per cent.