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Fringe Benefit Tax

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  • Business

What is fringe benefit tax?

The imposition of fringe benefit tax that proposes to tax companies on perquisites provided to their employees by Finance Minister P Chidambaram in his recent Budget has sparked off a huge debate......

Fringe benefit tax to continue

The dreaded fringe benefit tax is unlikely to be withdrawn in the next year's Budget despite mounting pressure from the apex industry chambers."I don't envisage that FBT will be removed. There is......

Fringe benefit tax may be lowered

The finance ministry is considering reworking the taxable value of the fringe benefits proposed in the Budget. The move follows industry's concern that the present proposals go beyond taxing the......

FAQs on fringe benefit tax

The Central Board of Direct Taxes has issued a list of frequently asked questions with answers on Fringe Benefit Tax, clarifying some issues raised by the trade and industry at different fora after......

The fringe benefit tax maze

In Australia, you invite your client to a meal but what you spend on your own lunch will attract fringe benefit tax, and not what you spend on your client's lunch, which is marked as business......

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