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Govt abolishes FBT; raises MAT to 15%

The government on Monday raised the Minimum Alternate Tax (MAT) to 15 per cent even as it abolished the Fringe Benefit Tax (FBT) and Commodities Transaction Tax (CTT). The government did not change......

Foreign cos to pay FBT for India liaison staff

A foreign company cannot shrug off its tax liabilities on benefits provided to employees in its liaison office in India on pretext that its income does not arise from the country, clarified a......

FBT: Employees to be taxed on perks?

The jettisoning of the Fringe Benefit Tax opens a can of. . . questions mainly, says Ameet N Patel. The finance minister has finally listened to India Inc and has abolished the fringe benefit tax......

FBT gone? Your take-home pay may be less now!

Fringe Benefit Tax was introduced in 2005 to be charged on the value of certain benefits offered by employers to their employees. However, it turned out that the amount of tax collected by the......

Removal of FBT: IT/ITES sector to benefit

The IT/ITES sector will benefit from removal of FBT and extension of STPI scheme for another year, but will be impacted due to increase in MAT from 10% to 15% Budget provisions The budget proposes......

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Fbt

News for Fbt

Govt abolishes FBT; raises MAT to 15%

Foreign cos to pay FBT for India liaison staff

FBT: Employees to be taxed on perks?

FBT gone? Your take-home pay may be less now!

Removal of FBT: IT/ITES sector to benefit

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