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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 due date extended to Aug 15

The government on Monday extended the date for payment of first instalment of the advance Fringe Benefit Tax by a month to August 15.The extension follows representations to the Central Board of......

FBT on ESOPs: Govt notifies norms

The Central Board of Direct Taxes on Tuesday notified the norms for valuation of employee stock option plans (ESOPs) for calculating fringe benefit tax (FBT). The rules will take effect from April......

Esops: IT firms want FBT load on employee

Companies believe that employee stock options (Esops) are still a motivational driver for staff, notwithstanding the fringe benefit tax levied on ESOPs, according to a survey of IT companies by......

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Rediff News

Fbt

News for Fbt

Govt abolishes FBT; raises MAT to 15%

Foreign cos to pay FBT for India liaison staff

FBT due date extended to Aug 15

FBT on ESOPs: Govt notifies norms

Esops: IT firms want FBT load on employee

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