Asked in Delhi at 6:43 PM on February 23, 2008
Tags: finance, minister, benefit, middle, class
This time I have some hope that the Finance Minister will give benefit to the middle class.
Answered by Latika D , an ibibo Specialist, at 9:52 PM on February 23, 2008
minister has proposed to adopt a two-pronged approach for the taxation of fringe benefits under the Income-tax Act.Perquisites which can be directly attributed to the employees will continue to be taxed minister has proposed to adopt a two-pronged approach for the taxation of fringe benefits under the Income-tax Act.Perquisites which can be directly attributed to the employees will continue to be taxed
invited criticism even from the Institute of Chartered Accountants of India, which has otherwise praised the finance minister for rationalising the tax administration. Small firms might be spared: A Business Standard report said that the finance ministry is considering a threshold staff strength for levying the fringe benefit tax on employers.Finance ministry officials indicated that organizations
been taken at 20 per cent.However, there is some talk that the fringe benefit tax on telephone expenses may be reworked....Obviously Yes Mr. Bhupender. For telephone expenses, the finance minister assumes talk that the fringe benefit tax on telephone expenses may be reworked....Employers beware! Finance Minister P. Chidambaram may have pleased all sections of tax assessees by proposing to rationalise
Reports say that the finance ministry is considering reworking the taxable value of the fringe benefits proposed in the Budget. The move follows industrys concern that the present proposals go beyond expenditure was not taxed. Information collected from http://www.rediff.com/money/2005/ma r/22spec.htm...Will the tax be lowered by the finance minister in view of the widespread opposition to it?Reports say
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