FRINGE BENEFIT TAX: CONCEPT AND COMPLIANCE by Rahul Kumar Singh and Pradeep Kr. Srivastava
By: Global Vision Publishing HouseSingle Issue
Single Issue
- FRINGE BENEFIT TAX: CONCEPT AND COMPLIANCE by Rahul Kumar Singh and Pradeep Kr. Srivastava
- Price : 200.00
- Published on June 1, 2013
- Global Vision Publishing House
- Language - English
- Published na
About this issue
With the notification of the Finance Act, 2005, the Fringe Benefit Tax becomes a law and every person falling within the definition of employer shall now be required to comply with the provisions relating minister in the Tax. The Hon’ble Finance Minister in the Finance Bill 2005 has proposed to levy tax in the hands of the employer in respect of the benefits being extended to the employer in respect of the benefits being extended to the employees by such employer. The objective, as stated by the Finance Minister, is the difficulty in isolating the personal elements in respect of the benefits for purposes of personal nature. After the introduction of the bill many issues were raised by the trade, industry, chamber, after extensive consolation and deliberations the initial proposal put forward in the Finance Bill 2005 was modified. The salient features of the initial proposal put forward in the Finance Bill 2005 were modified. The salient features of the Fringe Benefit tax after amendment and notification of the Finance Act, 2005 are as under:
About FRINGE BENEFIT TAX: CONCEPT AND COMPLIANCE by Rahul Kumar Singh and Pradeep Kr. Srivastava
Global Journal of Business Management Vol. 3 No. 1, June 2009