Expenditure on free samples
and on displays to be
excluded from the scope of
Fringe Benefit Tax (FBT)
Employee’s Stock Option
Plan (ESOP) brought under
FBT.
Payment of Advance Tax on
Fringe Benefits and due
dates for the same have been
aligned with the provisions
of advance tax on income as
specified u/s 211 of the Act.
This implies that now
assessee will have to
compute/estimate fringe
benefit value on yearly basis
and pay the advance tax
thereon as specified u/s
115WJ of the Act.
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