FRINGE BENEFIT TAX
NIIT TEchnologies net profit rises 22.5% to Rs 105.5 crore
The cumulative order intake for the year was $646 million, up 27 per cent over the previous year.
Some other items in Budget 2019
The government has provided a meagre Rs 2 lakh for recapitalisation of public sector banks. Equity support to...
Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates
Replying to a debate on the legislation,...
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 paid, is fringe benefit tax.
Tax offences, failure to pay TDS up to Rs 25 lakh not be prosecuted by taxman
The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings.
Fringe benefits availed by employees liable to GST
The fringe benefits are transactions in furtherance of business. "Even if supplied without consideration, the same are deemed supply" and will attract GST.
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,” the panel said.
Union Budget 2016: Highlights
Government has to prioritize expenditure. Focus on the rural and social sectors, infrastructure and recapitalization of bank
Market analyst says Modi 2.0 readying a crackdown on GST, direct tax fraud
The govt earlier this week dismissed 12 senior income-tax officers on charges of corruption.
Vote On Account 2014: Changes that defined the direct tax system in India
The last decade in Indian direct tax system has seen significant changes and reforms, with some of these changes even garbing headlines at global level.
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.
Budget 2013: Unusual taxes that have been introduced in past
When the FM rises to present his budget speech for 2013, one can only hope he does not add another feather in his cap by introducing a new kind of tax.
Fringe benefit tax on exporters must go
The 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 agenda.
Pranab Mukherjee isn't the FM he could have been
As FM, Pranab deserved to do better. He didn't and his budgets lacked vision and enthusiasm, reflected in meandering speeches without focus.
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