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WHAT IS THE LIABILITY OF FBT. ?
I, would like to know the percentage of liability for a Partnership Firm for the payment of FBT, and due dates. Similarly I would like to know the liability to a Proprietary Firm.
4 Answers
- 1 decade agoFavorite Answer
Really interesting question which helps all people in business to know their FBT liability. I understand the proprietary concerns does not come under FBT. And the percentage differs from expenses head to head and expected to pay along with income tax advance payments. I am not sure. some one may give clear answer, so that people like me need not approach our Auditors every time.
- 1 decade ago
FBT stands for Fringe Benefits Tax its a sole liability of empoyer has to pay on the benefits they offer to their employees.
adil
- 1 decade ago
pl. visit: http://dateyvs.com/fringe_benefit_tax.htm
where i have found details of FBT and I have taken printouts for my future reference. Pl. try. Thanks,
