April 3, 2014 8:38 pm
FBT is still active or it is abolished? If active can you share income tax link stating same.
Dear Bhanu, in that case you should discuss your HR people on how to bring down your tax outgo within your existing salary set up.
Till 2012 i was in old company and there i used to get FBT benefits like car oil/maitainance expenses were exempted and telephone bill and food coupons etc…
After 2013 moved to new company and not getting any benefits .. so i was looking for FBT is alive or not as well what are laws which can reduce taxable income like food coupons etc…
Dear Bhanu, what type of info, you are looking for?
are there any links, talks about minimizing taxable income? please share.
Dear Bhanu, when the FBT was in force, the return for FBT was to be filed.
what is in Income tax act section 115wd “return of fringe benefits”?
Oh.. any similar law is introduced?
Dear Bhanu, it has been abolished long back.
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