[I] ‘Assessment’ of “Fringe Benefits

1.     Fringe Benefit Tax—An Introduction

 

2.         Rationale And Meaning Of ‘Fringe Benefits Tax’

 

3.         Perquisites taxable in the hands of employees v/s Fringe Benefits Tax

            (A) Perquisites Taxable in the hands of Employees

            (B) Perquisites Liable to FBT

 

4.         Feature Of Fringe Benefits Tax

            3.         Chargeable on specified fringe benefits. Section 1 15WB(1)

4.         Valuation of Fringe benefits

5.         Rate of FBT

6.         FBI is a presumptive Tax

7.         FBT is not an allowed business expense          

8.         FBT and MAT

9.         FBT in addition to Income Tax.

10.       Return of Fringe Benefits

 

5.         Meaning Of Certain Expressions

            Definitions [Section 115W]

 

6.         Basis Of Charge Of Tax On Fringe Benefits

6.1.      Charge of fringe benefit tax [Section 115WA ]

 

7.         Fringe Benefits [Section 115WB]

 

8.         Some Examples of Fringe Benefits

 

9.         Some Examples Of Benefits Which Are Not Fringe Benefits

 

10.         Value Of Fringe Benefits [Section-115WC]

 

11.       Advance Tax In Respect Of Fringe Benefits

12.       Return of fringe benefits [Section 115WD]

13.       Assessment of fringe benefits [Section 115WE]

14.       Best judgment assessment [Section 115WF ]

15.       Time limit for completion of assessment u/s 115WF—amendment in Section 153

16.       Fringe benefits escaping assessment [Section 115WG]

17.       Issue of notice where fringe benefits have escaped assessment [Section 115WH]

18.       Payment of fringe benefit tax [Section 115WI ]

19.       Advance tax in respect of fringe benefits [Section 115WJ ]

20.       Interest for default in furnishing return of fringe benefits [Section 115WK]

21.       Computation of interest u/s 115WK—Amendment in [ Section 140A(1A)]

22.       Claim of refund under fringe benefit tax [Section 238(1A)]

23.       Period within which refund of tax paid under fringe benefits tax can be claimed [Section 239(2)]

24.       Interest on refund under fringe benefit tax [Section 244A(1) and (3)]

25.       Appeal to commissioner (appeals) [Section 244A(1)(aa)]

26.       Penalty for non complying with the notice [Section 271(1)(b) and (d)]

27.       Penalty for failure to furnish return of fringe benefits [Section 271FB]

28.       Penalty for non-furnishing of quarterly return u/s 206(a) [Section 272a(2)]

29.       Prosecution for not furnishing of return u/s 115WD(1) or u/s 11WH(1) [Section 276cc]

30.       Abetment of false return filed u/s 115WD(1) or u/s 115WH(2) [Section 278]

31.       Amendment of section 119 [Section 115WL]

 
 

   
   
   
   
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