Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

GENERAL BUDGET 2008-09 In the General Budget 2008-09, Banking Cash Transaction Tax (BCTT) has been withdrawn w.e.f. April 1, 2009. The step is in view of the fact that the information gathered by means of BCTT is also available to the Income Tax Department through other instruments introduced in the last few years. Relief has been provided in the Fringe Benefit Tax (FBT) for certain class of tax payers. Crèche facilities, sponsorship of an employee-sportsperson, organizing sports events for employees and guests will be excluded from the purview of FBT.
"Loved reading this piece by Prakash Yedhula?
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"




Tags :

  Views  576  Report



Comments
img