Fringe Benefit Tax (FBT) abolition, the impact on the FBT components

Maria Thomas · #1 23-09-2009, 02:49 PM

Dear Colleagues;

Request you to please guide me on the FBT removal/abolition. So now, how do we treat the earlier FBT component? Does it become completely taxable? Is there any fine prints that is being looked into? etc

Is there any thread posted on this earlier that I can refer to? or can you please share your knowledge with me on this?, pls.......

Maria

Maria Thomas · #2 23-09-2009, 03:46 PM

Thanks so much for this info....

Now with FBT abolished recently, how should we treat the components that earlier were part of FBT? Would it be included in the taxable salary? Did we get a circular from CBDT on this? Any idea, pls........pls......

parthasarathy.m · #3 24-09-2009, 06:20 PM

please help, as FBT is abolished, please let me know how the per diem earned through the short-term foreign trips are taxed...