Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

FBT - Concessional rate of tax prescribed under rule 8 of the ...

Income Tax

May 3, 2016

FBT - Concessional rate of tax prescribed under rule 8 of the Income-tax Rules to determine the taxable value of fringe benefits - Assessee-employer shall be entitled to claim relief at 40 per cent. of taxable value of fringe benefits as against 100 per cent. determined by the learned Assessing Officer - AT

View Source

 


 

You may also like:

  1. Charge of fringe benefit tax - whether a person is a “servant“ or an “agent“ - Since those services were professional services FBT is not applicable - AT

  2. FBT - Deemed expenditure chargeable to fringe benefit tax u/s 115WB(2)(H) - there was no fringe benefit in in-house training expenditure - repayment of loan obtained for...

  3. Fringe Benefit Tax - Since there was no employer-employee relationship between the assessee on one hand and the doctors on the other hand to whom the free samples were...

  4. Exclusion of fringe benefit tax for arriving the net profit for the purpose of computation of income under section 115JB - AT

  5. Fringe benefit tax on expenditure - FBT - Expenditure has been incurred for business necessity and not for providing any domestic benefit or amenity to the employee. The...

  6. Fringe Benefit Tax (“FBT”) - business promotion expenses treated as fringe benefit accorded by the assessee to its employees - the expenses are incurred by field staff...

  7. Levy of additional income tax called “fringe benefit tax” (“FBT”) on fringe benefits provided or deemed to have been provided by an employer to his employees, in...

  8. Fringe benefit tax u/s 115WE - FBT - When the assessee admits of a possibility of the air craft having been used for the use of benefit of employee, to plead otherwise...

  9. Disallowance of traveling expenses - as per assessee it has paid fringe benefit tax at the rate of 20% - Now it is a settled position of law that no disallowance can be...

  10. MAT - Addition to book profit of tax on non-monetary perquisites - without there being any corresponding amendment in the definition of Income Tax as provided in...

 

Quick Updates:Latest Updates