Wednesday, April 19, 2006

Fringe Benefit Tax imposed by the Finance Minister during the last Budget

Two recent judicial orders emanating from Tamil Nadu have once again highlighted the controversial and deeply unpopular character of the Fringe Benefit Tax imposed by the Finance Minister during the last Budget. On September 14, 2005, the Madras High Court restrained the imposition of FBT on Kumbhat & Co, a firm of Chartered Accountants. On September 24, 2005, the Madurai Bench of the Madras High Court accepted a petition of the Tamil Nadu Chamber of Commerce and Industry and stayed the imposition of the FBT.

1 comment:

IIPM said...

Prof. Raymond Richardson from London School of Economics will visit IIPM India. New Delhi on 12th of September, Ahemdabad 14th September, Bangalore 16th September, Mumbai 19th September and will take workshop on "Modern HR Strategy".