Formulae

Name __________ Private Limited

PAN AA_________ Financial Year 2008-09

Status Company Assessment Year 2009-10

Add: ________
________ <------------ (Please Insert the Details here)
__________
__________
Tel. No. _________ Type of business Others

Summary
Sr. No. Kind of Fringe Benefit June Sep Dec March Total

(a) (b) (c) (d) (e) (f) (g)

115WB(1)(a) Any privilege, service benefit, or amenity 0 0 0 0 0
- reimbursement or otherwise not
quanified below

115WB(1)(b) Free Ticket for Private Journey 0 0 0 0 0

115WB(1)(c) Contribution to Superannuation Fund 0 0 0 0 0

115WB(1)(d) Sweat equity 0 0 0 0 0

115WB(2)(A) Entertainment Expenditure 0 0 0 0 0
115WB(2)(B) Expenditure on provision of hospitality of 0 0 0 0 0
every kind by the employer to any
person,

115WB(2)(C) Conference Expenditure 0 0 0 0 0

115WB(2)(D) Sales promotion Expenditure 15,009 22,401 14,359 10,580 62,350
115WB(2)(E) Employees' welfare Expenditure 0 0 0 30,000 30,000
115WB(2)(F) Expenditure on conveyance; 4,561 4,335 4,650 4,286 17,832
115WB(2)(G) Expenditure on use of hotel, boarding 0 0 0 0 0
and lodging facilities;
115WB(2)(H) Expenditure on repair, running (including 37,162 28,128 43,114 43,080 151,484
fuel), maintenance of motorcars and the
amount of depreciation thereon;

115WB(2)(I) Expenditure on repair, running (including 0 0 0 0 0

fuel), maintenance of aircrafts and the
amount of depreciation thereon;

115WB(2)(J) Expenditure on use of telephone 20,867 34,418 31,075 42,347 128,706

(including mobile phone)

115WB(2)(K) Guest House - Ommitted 0 0 0 0 0

115WB(2)(L) Festival Celebration 0 0 17,993 0 17,993
115WB(2)(M) Use of health cub or similar facilities 0 0 0 0 0
115WB(2)(N) Use of other Club facilities 0 0 0 0 0
115WB(2)(O) Gifts 0 0 0 0 0
115WB(2)(P) Scholarship 0 0 0 0 0
115WB(2)(Q) Tour and Travel (including foreign travel) 0 7,085 480 31,290 38,855

Totals 77,600 96,367 111,671 161,582 447,220 391,066

Depreciation on Car at Branch 0 0 0 0 0

Depreciation on Car at HO 14,039 14,039 14,039 14,039 56,154
Insurance on Car 0 0 0 0 0
14,039 14,039 14,039 14,039 56,154
As per Books 0 0 0 0 0

Value of Fringe Benefit 15,520 18,211 27,660 27,623 89,014

Advance Tax module
Estimated Tax Liability excluding SC and Cess 26,704
Estimated Tax Liability including SC and Cess (please feel manually) 30,256

COMPUTATION OF FRINGE BENEFIT TAX FOR THE YEAR

Value of Fringe Benefits 89,014

TAX PAYABLE 26,704

Add: Surcharge @ 10% 2,670

TAX PAYABLE INCL. S. C. 29,374

Add: Education Cess @ 2% 587

TAX INCL. S. C. AND CESS 29,962

Add: SH Education Cess @ 1% 294

TAX INCL. S. C., CESS AND SHE CESS 30,256

Less: Advance Tax Paid:

6/15/2008 4,000
9/15/2008 5,000
12/15/2008 7,000
3/15/2009 7,500 23,500
SHORTFALL 6,756

Add: Interest under section 115WJ (5)

Basic Applicability:
Whether Advance tax > 90% of Tax payable? No Yes No
Interest under section 115WJ (5) Payable? Yes Yes No

Due date Actual date Delay in Rate Amount

months
4/1/2009 6/30/2009 #NAME? 1% #NAME? #NAME?

Add: Interest under section 115WJ (3) or (4)

Due Date Installment Payable Installment Shortfall Rate Interest
Paid
6/15/2008 4,538 4,000 538 3% 16
9/15/2008 13,615 9,000 4,615 3% 138
12/15/2008 22,692 16,000 6,692 3% 201
3/15/2009 30,256 23,500 6,756 1% 68 423
SHORTFALLINCLUDING INTEREST #NAME?

Less: Self Assessment Tax Paid #NAME?

BALANCE PAYABLE #NAME?
Company Hotel
Firm Carriage of goods or passengers by aircraft
AOP Carriage of goods or passengers by ship
BOI Construction
Local Authority Manufacture or production of pharmaceuticals
Artificial Judicial Person Computer software
Carriage of goods or passengers by motor car
Others

FY AY

2008-09 2009-10
Name __________ Private Limited Formulae Don't touch
PAN AA_________ Financial Year 2008-09
Status Company Assessment Year 2009-10
Quarter Ended June'08 Due Date 6/15/2008
Type of business Others
Look at the Summary Sheet
Sr. No. Kind of Fringe Benefit Gross Amount out of Qualifying % Value of Rupee Value of
Qualifyi (c) considered Amount for FBT Fringe Benefit Fringe Benefit
ng as perquisite in (c) - (d)
Amount the hands of
employee

(a) (b) (c) (d) (e) (f) (g)

115WB(1)(a) Any privilege, service benefit, or 0 0 0 100% 0
amenity - reimbursement or otherwise
not quanified below

115WB(1)(b) Free Ticket for Private Journey 0 100% 0

115WB(1)(c) Contribution to Superannuation Fund 0 100% 0

115WB(1)(d) Sweat equity 0 100% 0

115WB(2)(A) Entertainment Expenditure 0 20% 0
115WB(2)(B) Expenditure on provision of hospitality 0 20% 0
of every kind by the employer to any
person,

115WB(2)(C) Conference Expenditure 0 20% 0

115WB(2)(D) Sales promotion Expenditure 15,009 15,009 20% 3,002
115WB(2)(E) Employees' welfare Expenditure 0 0 20% 0
115WB(2)(F) Expenditure on conveyance; 4,561 4,561 20% 912
115WB(2)(G) Expenditure on use of hotel, boarding 0 0 20% 0
and lodging facilities;
115WB(2)(H) Expenditure on repair, running 37,162 37,162 20% 7,432
(including fuel), maintenance of
motorcars and the amount of
depreciation thereon;

115WB(2)(I) Expenditure on repair, running 0 0 20% 0

(including fuel), maintenance of
aircrafts and the amount of
depreciation thereon;

115WB(2)(J) Expenditure on use of telephone 20,867 20,867 20% 4,173

(including mobile phone)

115WB(2)(K) Guest House - Ommitted 0 0 0 20% 0

115WB(2)(L) Festival Celebration 0 20% 0
115WB(2)(M) Use of health cub or similar facilities 0 50% 0

115WB(2)(N) Use of other Club facilities 0 50% 0

115WB(2)(O) Gifts 0 50% 0
115WB(2)(P) Scholarship 0 0 50% 0
115WB(2)(Q) Tour and Travel (including foreign 0 0 5% 0
travel)
Totals 77,600 0 77,600 15,520

COMPUTATION OF FRINGE BENEFIT TAX AdvanceTax Final Tax

Value of Fringe Benefits 15,520

TAX PAYABLE 4,006 4,656

Add: Surcharge @ 10% 401 466

TAX PAYABLE INCL. S. C. 4,406 5,122

Add: Education Cess @ 2% 88 102

TAX INCL. S. C. AND CESS 4,494 5,224

Add: SH Education Cess @ 1% 44 51

 TAX INCL. S. C., CESS AND SHE CESS 4,538 5,275

Less: Advance Tax Paid (Please feel manually) 4,000

SHORTFALL 1,275

Company Hotel
Firm Carriage of goods or passengers by aircraft
AOP Carriage of goods or passengers by ship
BOI Construction
Local Authority Manufacture or production of pharmaceuticals
Artificial Juridical Person Computer software
Carriage of goods or passengers by motor car
Others

June'08
Sep'08
Dec '08
Mar'09

6/15/2008
9/15/2008
12/15/2008
3/15/2009
 Single copy ( to be sent to the ZAO )
CHALLAN NO. Tax Applicable ( Tick One ) Q1
ITNS ( 0036 ) BANKING CASH TRANSACTION TAX Financial year 2008-09
283 ( 0026 ) FRINGE BENEFIT TAX √ Assessment Year 2009-10
Permanent Account Number
AA_________
Full Name
__________ Private Limited
Complete Address with City & State
________
________
__________
__________
Tel. No. _________
Type of Payment (Tick One)
Advance Tax (100) √
Self Assessment Tax (300)
Tax on Regular Assessment (400)

DETAILS OF PAYMENTS FOR USE IN RECEIVING BANK

Amount ( in Rs.Only ) Debit to A/c / Cheque credited on
Tax 3,530
Surcharge 353
Education Cess 78
SH Education Cess 39
Interest - DD MM YY
Penalty SPACE FOR BANK SEAL
Others
Total 4,000
Rounded of to 4,000
Total ( in words)
CRORES LACS THOUSANDS HUNDREDS TENS UNITS
NIL NIL Four NIL NIL NIL

Paid in Cash/Debit to A/c./Cheque no. 409930 Dated 6/15/2007

Drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)

Date :- 6/15/2007 Signature of person making payment

Taxpayers Counterfoil ( To be filled up by the tax payer )

PAN AA_________ SPACE FOR BANK SEAL
Received from __________ Private Limited
(Name)
Cash / Debit to A/c / Cheque No. 409930 for Rs. 4,000
Rs.(in words):- Rupees Four Thousand Only.

drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)
on account of Advance Tax / Self Assessment Tax / on Regular Assessment
Tax
(Strike out whichever is not applicable)
Of the Financial Year 2008-09 Tax 3,530
for the Assessment Year 2009-10 SC 353
FRINGE BENEFIT TAX Q1 Cess 117
Total 4,000
Name __________ Private Limited Formulae Don't touch
PAN AA_________ Financial Year 2008-09
Status Company Assessment Year 2009-10
Quarter Ended Sep'08 Due Date 9/15/2008
Type of business Others
Look at the Summary Sheet
Sr. No. Kind of Fringe Benefit Gross Amount Qualifying % Value of Rupee
Qualifying out of (c) Amount for Fringe Value of
Amount considered FBT (c) - (d) Benefit Fringe
as Benefit
perquisite
in the
hands of
employee

(a) (b) (c) (d) (e) (f) (g)

115WB(1)(a) Any privilege, service benefit, 0 0 0 100% 0
or amenity - reimbursement or
otherwise not quanified below

115WB(1)(b) Free Ticket for Private Journey 0 100% 0

115WB(1)(c) Contribution to Superannuation 0 100% 0
Fund
115WB(1)(d) Sweat equity 0 100% 0
115WB(2)(A) Entertainment Expenditure 0 20% 0
115WB(2)(B) Expenditure on provision of 0 20% 0
hospitality of every kind by the
employer to any person,

115WB(2)(C) Conference Expenditure 0 20% 0

115WB(2)(D) Sales promotion Expenditure 22,401 22,401 20% 4,480
115WB(2)(E) Employees' welfare 0 0 20% 0
115WB(2)(F) Expenditure on conveyance; 4,335 4,335 20% 867
115WB(2)(G) Expenditure on use of hotel, 0 0 20% 0
boarding and lodging facilities;
115WB(2)(H) Expenditure on repair, running 28,128 28,128 20% 5,626
(including fuel), maintenance of
motorcars and the amount of
depreciation thereon;
115WB(2)(I) Expenditure on repair, running 0 0 20% 0
(including fuel), maintenance of
aircrafts and the amount of
depreciation thereon;

115WB(2)(J) Expenditure on use of 34,418 34,418 20% 6,884

telephone (including mobile
phone)
115WB(2)(K) Guest House - Ommitted 0 0 0 20% 0
115WB(2)(L) Festival Celebration 0 20% 0
115WB(2)(M) Use of health cub or similar 0 50% 0
facilities
115WB(2)(N) Use of other Club facilities 0 50% 0
115WB(2)(O) Gifts 0 50% 0
115WB(2)(P) Scholarship 0 0 50% 0
115WB(2)(Q) Tour and Travel (including 7,085 7,085 5% 354
foreign travel)

Totals 96,367 0 96,367 18,211

COMPUTATION OF FRINGE BENEFIT TAX AdvanceTaxFinal Tax

Value of Fringe Benefits 18,211

TAX PAYABLE 8,486 5,463

Add: Surcharge @ 10% 849 546

TAX PAYABLE INCL. S. C. 9,335 6,010

Add: Education Cess @ 2% 187 120

TAX INCL. S. C. AND CESS 9,522 6,130

Add: SH Education Cess @ 1% 93 60

TAX INCL. S. C., CESS AND SHE CESS 9,615 6,190

Less: Advance Tax Paid (Please feel manually) 5,000

SHORTFALL 1,190

Company Hotel
Firm Carriage of goods or passengers by aircraft
AOP Carriage of goods or passengers by ship
BOI Construction
Local Authority Manufacture or production of pharmaceuticals
Artificial Juridical Person Computer software
Carriage of goods or passengers by motor car
Others

June'08
Sep'08
Dec '08
Mar'09

6/15/2008
9/15/2008
12/15/2008
3/15/2009
 Single copy ( to be sent to the ZAO )
CHALLAN NO. Tax Applicable ( Tick One ) Q2
ITNS ( 0036 ) BANKING CASH TRANSACTION TAX Financial year 2008-09
283 ( 0026 ) FRINGE BENEFIT TAX √ Assessment Year 2009-10
Permanent Account Number
AA_________
Full Name
__________ Private Limited
Complete Address with City & State
________
________
__________
__________
Tel. No. _________
Type of Payment (Tick One)
Advance Tax (100) √
Self Assessment Tax (300)
Tax on Regular Assessment (400)

DETAILS OF PAYMENTS FOR USE IN RECEIVING BANK

Amount ( in Rs.Only ) Debit to A/c / Cheque credited on
Tax 4,413
Surcharge 441
Education Cess 97
SH Education Cess 49
Interest - DD MM YY
Penalty SPACE FOR BANK SEAL
Others
Total 5,000
Rounded of to 5,000
Total ( in words)
CRORES LACS THOUSANDS HUNDREDS TENS UNITS
NIL NIL Five NIL NIL NIL

Paid in Cash/Debit to A/c./Cheque no. 111071 Dated 9/15/2007

Drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)

Date :- 9/15/2007 Signature of person making payment

Taxpayers Counterfoil ( To be filled up by the tax payer )

PAN AA_________ SPACE FOR BANK SEAL
Received from __________ Private Limited
(Name)
Cash / Debit to A/c / Cheque No. 111071 for Rs. 5,000
Rs.(in words):- Rupees Five Thousand Only.

drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)
on account of Advance Tax / Self Assessment Tax / on Regular Assessment
Tax
(Strike out whichever is not applicable)
Of the Financial Year 2008-09 Tax 4,413
for the Assessment Year 2009-10 SC 441
FRINGE BENEFIT TAX Q2 Cess 146
Total 5,000
Name __________ Private Limited Formulae Don't touch
PAN AA_________ Financial Year 2008-09
Status Company Assessment Year 2009-10
Quarter Ended Dec '08 Due Date 12/15/2008
Type of business Others
Look at the Summary Sheet
Sr. No. Kind of Fringe Benefit Gross Amount Qualifying % Value of Rupee
Qualifying out of (c) Amount for Fringe Value of
Amount considered FBT (c) - (d) Benefit Fringe
as Benefit
perquisite
in the
hands of
employee

(a) (b) (c) (d) (e) (f) (g)

115WB(1)(a) Any privilege, service benefit, or 0 0 0 100% 0
amenity - reimbursement or
otherwise not quanified below
115WB(1)(b) Free Ticket for Private Journey 0 100% 0
115WB(1)(c) Contribution to Superannuation 0 100% 0
Fund
115WB(1)(d) Sweat equity 0 100% 0
115WB(2)(A) Entertainment Expenditure 0 20% 0
115WB(2)(B) Expenditure on provision of 0 20% 0
hospitality of every kind by the
employer to any person,

115WB(2)(C) Conference Expenditure 0 20% 0

115WB(2)(D) Sales promotion Expenditure 14,359 14,359 20% 2,872
115WB(2)(E) Employees' welfare Expenditure 0 0 20% 0
115WB(2)(F) Expenditure on conveyance; 4,650 4,650 20% 930
115WB(2)(G) Expenditure on use of hotel, 0 0 20% 0
boarding and lodging facilities;
115WB(2)(H) Expenditure on repair, running 43,114 43,114 20% 8,623
(including fuel), maintenance of
motorcars and the amount of
depreciation thereon;

115WB(2)(I) Expenditure on repair, running 0 0 20% 0

(including fuel), maintenance of
aircrafts and the amount of
depreciation thereon;

115WB(2)(J) Expenditure on use of telephone 31,075 31,075 20% 6,215

(including mobile phone)
115WB(2)(K) Guest House - Ommitted 0 0 0 20% 0
115WB(2)(L) Festival Celebration 17,993 17,993 20% 3,599
115WB(2)(M) Use of health cub or similar 0 50% 0
facilities
115WB(2)(N) Use of other Club facilities 0 50% 0
115WB(2)(O) Gifts 0 50% 0
115WB(2)(P) Scholarship 0 0 50% 0
115WB(2)(Q) Tour and Travel (including 480 480 5% 24
foreign travel)

Totals 111,671 0 111,671 22,262

COMPUTATION OF FRINGE BENEFIT TAX AdvanceTaxFinal Tax

Value of Fringe Benefits 22,262

TAX PAYABLE 12,085 6,679

Add: Surcharge @ 10% 1,208 668

TAX PAYABLE INCL. S. C. 13,293 7,347

Add: Education Cess @ 2% 266 147

TAX INCL. S. C. AND CESS 13,559 7,493

Add: SH Education Cess @ 1% 133 73

TAX INCL. S. C., CESS AND SHE CESS 13,692 7,567

Less: Advance Tax Paid (Please feel manually) 7,000

SHORTFALL 567

Company Hotel
Firm Carriage of goods or passengers by aircraft
AOP Carriage of goods or passengers by ship
BOI Construction
Local Authority Manufacture or production of pharmaceuticals
Artificial Juridical Person Computer software
Carriage of goods or passengers by motor car
Others

June'08
Sep'08
Dec '08
Mar'09

6/15/2008
9/15/2008
12/15/2008
3/15/2009
 Single copy ( to be sent to the ZAO )
CHALLAN NO. Tax Applicable ( Tick One ) Q3
ITNS ( 0036 ) BANKING CASH TRANSACTION TAX Financial year 2008-09
283 ( 0026 ) FRINGE BENEFIT TAX √ Assessment Year 2009-10
Permanent Account Number
AA_________
Full Name
__________ Private Limited
Complete Address with City & State
________
________
__________
__________
Tel. No. _________
Type of Payment (Tick One)
Advance Tax (100) √
Self Assessment Tax (300)
Tax on Regular Assessment (400)

DETAILS OF PAYMENTS FOR USE IN RECEIVING BANK

Amount ( in Rs.Only ) Debit to A/c / Cheque credited on
Tax 6,178
Surcharge 618
Education Cess 136
SH Education Cess 68
Interest - DD MM YY
Penalty SPACE FOR BANK SEAL
Others
Total 7,000
Rounded of to 7,000
Total ( in words)
CRORES LACS THOUSANDS HUNDREDS TENS UNITS
NIL NIL Seven NIL NIL NIL

Paid in Cash/Debit to A/c./Cheque no. 111072 Dated 12/15/2007

Drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)

Date :- 12/15/2007 Signature of person making payment

Taxpayers Counterfoil ( To be filled up by the tax payer )

PAN AA_________ SPACE FOR BANK SEAL
Received from __________ Private Limited
(Name)
Cash / Debit to A/c / Cheque No. 111072 for Rs. 7,000
Rs.(in words):- Rupees Seven Thousand Only.

drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)
on account of Advance Tax / Self Assessment Tax / on Regular Assessment
Tax
(Strike out whichever is not applicable)
Of the Financial Year 2008-09 Tax 6,178
for the Assessment Year 2009-10 SC 618
FRINGE BENEFIT TAX Q3 Cess 204
Total 7,000
Name __________ Private Limited Formulae Don't touch
PAN AA_________ Financial Year 2008-09
Status Company Assessment Year 2009-10
Quarter Ended Mar'09 Due Date 3/15/2009
Type of business Others
Look at the Summary Sheet
Sr. No. Kind of Fringe Benefit Gross Amount Qualifying % Value of Rupee
Qualifying out of (c) Amount for Fringe Value of
Amount considered FBT (c) - Benefit Fringe
as (d) Benefit
perquisite
in the
hands of
employee

(a) (b) (c) (d) (e) (f) (g)

115WB(1)(a) Any privilege, service benefit, or 0 0 0 100% 0
amenity - reimbursement or
otherwise not quanified below
115WB(1)(b) Free Ticket for Private Journey 0 100% 0
115WB(1)(c) Contribution to Superannuation 0 100% 0
Fund
115WB(1)(d) Sweat equity 0 100% 0
115WB(2)(A) Entertainment Expenditure 0 20% 0
115WB(2)(B) Expenditure on provision of 0 20% 0
hospitality of every kind by the
employer to any person,

115WB(2)(C) Conference Expenditure 0 20% 0

115WB(2)(D) Sales promotion Expenditure 10,580 10,580 20% 2,116
115WB(2)(E) Employees' welfare Expenditure 30,000 30,000 20% 6,000
115WB(2)(F) Expenditure on conveyance; 4,286 4,286 20% 857
115WB(2)(G) Expenditure on use of hotel, 0 0 20% 0
boarding and lodging facilities;
115WB(2)(H) Expenditure on repair, running 43,080 43,080 20% 8,616
(including fuel), maintenance of
motorcars and the amount of
depreciation thereon;

115WB(2)(I) Expenditure on repair, running 0 0 20% 0

(including fuel), maintenance of
aircrafts and the amount of
depreciation thereon;

115WB(2)(J) Expenditure on use of 42,347 42,347 20% 8,469

telephone (including mobile
phone)
115WB(2)(K) Guest House - Ommitted 0 0 0 20% 0

115WB(2)(L) Festival Celebration 0 20% 0

115WB(2)(M) Use of health cub or similar 0 50% 0
facilities
115WB(2)(N) Use of other Club facilities 0 50% 0
115WB(2)(O) Gifts 0 50% 0
115WB(2)(P) Scholarship 0 0 50% 0
115WB(2)(Q) Tour and Travel (including 31,290 31,290 5% 1,564
foreign travel)

Totals 161,582 0 161,582 27,623

COMPUTATION OF FRINGE BENEFIT TAX AdvanceTaxFinal Tax

Value of Fringe Benefits 27,623

TAX PAYABLE 12,582 8,287

Add: Surcharge @ 10% 1,258 829

TAX PAYABLE INCL. S. C. 13,841 9,116

Add: Education Cess @ 2% 277 182

TAX INCL. S. C. AND CESS 14,117 9,298

Add: SH Education Cess @ 1% 138 91

TAX INCL. S. C., CESS AND SHE CESS 14,256 9,389

Less: Advance Tax Paid (Please feel manually) 7,500

SHORTFALL 1,889

Company Hotel
Firm Carriage of goods or passengers by aircraft
AOP Carriage of goods or passengers by ship
BOI Construction
Local Authority Manufacture or production of pharmaceuticals
Artificial Juridical Person Computer software
Carriage of goods or passengers by motor car
Others

June'08
Sep'08
Dec '08
Mar'09

6/15/2008
9/15/2008
12/15/2008
3/15/2009
 Single copy ( to be sent to the ZAO )
CHALLAN NO. Tax Applicable ( Tick One ) Q4
ITNS ( 0036 ) BANKING CASH TRANSACTION TAX Financial year 2008-09
283 ( 0026 ) FRINGE BENEFIT TAX √ Assessment Year 2009-10
Permanent Account Number
AA_________
Full Name
__________ Private Limited
Complete Address with City & State
________
________
__________
__________
Tel. No. _________
Type of Payment (Tick One)
Advance Tax (100) √
Self Assessment Tax (300)
Tax on Regular Assessment (400)

DETAILS OF PAYMENTS FOR USE IN RECEIVING BANK

Amount ( in Rs.Only ) Debit to A/c / Cheque credited on
Tax 6,620
Surcharge 662
Education Cess 146
SH Education Cess 73
Interest - DD MM YY
Penalty SPACE FOR BANK SEAL
Others
Total 7,500
Rounded of to 7,500
Total ( in words)
CRORES LACS THOUSANDS HUNDREDS TENS UNITS
NIL NIL Seven Five NIL NIL

Paid in Cash/Debit to A/c./Cheque no. 111073 Dated 3/15/2008

Drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)

Date :- 3/15/2008 Signature of person making payment

Taxpayers Counterfoil ( To be filled up by the tax payer )

PAN AA_________ SPACE FOR BANK SEAL
Received from __________ Private Limited
(Name)
Cash / Debit to A/c / Cheque No. 111073 for Rs. 7,500
Rs.(in words):- Rupees Seven Thousand Five Hundred Only.

drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)
on account of Advance Tax / Self Assessment Tax / on Regular Assessment
Tax
(Strike out whichever is not applicable)
Of the Financial Year 2008-09 Tax 6,620
for the Assessment Year 2009-10 SC 662
FRINGE BENEFIT TAX Q4 Cess 218
Total 7,500
 Single copy ( to be sent to the ZAO )
CHALLAN NO. Tax Applicable ( Tick One )
ITNS ( 0036 ) BANKING CASH TRANSACTION TAX Financial year 2008-09
283 ( 0026 ) FRINGE BENEFIT TAX √ Assessment Year 2009-10
Permanent Account Number
AA_________
Full Name
__________ Private Limited
Complete Address with City & State
________
________
__________
__________
Tel. No. _________
Type of Payment (Tick One)
Advance Tax (100)
Self Assessment Tax (300) √
Tax on Regular Assessment (400)

DETAILS OF PAYMENTS FOR USE IN RECEIVING BANK

Amount ( in Rs.Only ) Debit to A/c / Cheque credited on
Tax 6,756
Surcharge -
Education Cess -
SH Education Cess -
Interest #NAME? DD MM YY
Penalty SPACE FOR BANK SEAL
Others
Total #NAME?
Rounded of to #NAME?
Total ( in words)
CRORES LACS THOUSANDS HUNDREDS TENS UNITS
NIL NIL Seven Three Eight NIL

Paid in Cash/Debit to A/c./Cheque no. 409930 Dated 7/15/2008

Drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)

Date :- 7/15/2008 Signature of person making payment

Taxpayers Counterfoil ( To be filled up by the tax payer )

PAN AA_________ SPACE FOR BANK SEAL
Received from __________ Private Limited
(Name)
Cash / Debit to A/c / Cheque No. 409930 for Rs. #NAME?
Rs.(in words):- Rupees Seven Thousand Three Hundred Eighty Only.

drawn on New India Co-op. Bank, Ghatkopar

(Name of the Bank and Branch)
on account of Advance Tax / Self Assessment Tax / on Regular Assessment
Tax
(Strike out whichever is not applicable)
Of the Financial Year 2008-09 Tax 6,756
for the Assessment Year 2009-10 SC -
FRINGE BENEFIT TAX Cess -
Int #NAME?
Total #NAME?
 Giuidance Note on FBT from the
ICAI

(a) (b)
(a) Introduction

(b) Salient features

(c) Nature Of Fringe Benefits Tax

(d) Recognition And Measurement Of

Fringe Benefits Tax

(e) Presentation Of Fringe Benefits

Tax In Financial Statements

(f) Recommendations
Q. No. Item(s) Covered
MACRO ISSUES
1 Pre-requisites for the levy of FBT

2 Employer-employee relationship – whether pre-requisite for the levy of FBT?

Whether FBT is payable by an entity if there are no employees? Eg. retainer

3 relationship arrangements

Whether FBT is leviable on a company (registered under section 25 of Companies

4 Act) even if it is registered u/s 12AA or its income is exempt u/s 10(23C)?

5 FBT is a presumptive tax. Is the presumption rebuttable?

Whether the assessee is obliged to pay tax on the actual expenditure on fringe
6 benefits if the value of such benefits is more than what is determined on
presumptive basis?
Whether the deeming provisions quantify the fringe benefits referred to in section
7 115WB(1)(a)? If not, how are the benefits referred to in the said clause to be
valued?
If a company incurs expenditure on traveling, hotel etc. wholly and exclusively for
executing an assignment for its client and the client reimburses the company for
12 such ‘out of pocket’ expenses, whether the company would be liable for FBT in
respect of s
Whether expenditure incurred by a professional like a lawyer or auditor on
13 conveyance, tour and travel, and reimbursed by the client, is liable to FBT in the
hands of the client?
Does the word ‘any expense’ in sub-section (2) of section 115WB refer to all
14 expenses or restricted to those incurred on the employees and their families?

Whether the expenses need to be segregated into those incurred for official
15 purposes and those for personal purposes?

Is FBT payable by an Indian company having employees based both in and outside
20 India on its total (global) expenditure incurred by it?

Whether an Indian company carrying on business outside India would be liable to

21 FBT even though none of its employees in such business may be liable to pay tax in
India?
Whether, for the purposes of payment of advance tax, depreciation should be taken
on a pro-rata basis or lumped in the last quarter?
37
Basis for allocating common expenditure in the case of an employer having multiple
businesses including specified business such as hotels, construction, and
pharmaceuticals which attract lower rate of FBT
41

43 Whether an employer is liable to FBT only if it is engaged in business and

profession?
89 Whether capital expenditure are covered in the scope of fringe benefits?

ISSUES UNDER SPECIFIED HEADS

7 Any privilege, service benefit, or amenity - reimbursement or otherwise not quanified
below

34,45, Free Ticket for Private Journey

46, 44
- Contribution to Superannuation Fund

49 Entertainment Expenditure

52, 53 Expenditure on provision of hospitality of every kind by the employer to any person,
50, 51, Conference Expenditure
54, 55,
56

57, 58, Sales promotion Expenditure

59, 60,
61, 62,
63, 64,
65, 66,
67

38, 68, Employees' welfare Expenditure

70, 71,
72, 73,
74, 75,
77

78, Expenditure on conveyance

104

79 Expenditure on use of hotel, boarding and lodging facilities;

81,82, Expenditure on repair, running (including fuel), maintenance of motorcars and the
83, 84, amount of depreciation thereon;
85, 87,
88

87, 88 Expenditure on repair, running (including fuel), maintenance of aircrafts and the
amount of depreciation thereon;

90 Expenditure on use of telephone (including mobile phone)

91, 92, Maintenance of Guest House

93, 94
95 Festival Celebration

86, 96 Use of health cub or similar facilities

86, 96 Use of other Club facilities (Please view comments above)

97, 98, Gifts

99,
100
101, Scholarship
102
78, Expenditure on tour and travel (including foreign travel) (Please view comments
104 above give in Conveyance);

INDUSTRY SPECIFIC ISSUES

105 What is the meaning of the term ‘computer software’? Will it include IT enabled
services?

106 What is the meaning of the term ‘business of construction’ – whether only civil
construction or even other construction work like construction of plants,
telecommunication infrastructure, etc. are also covered?

80 In case of Multiple business eg: partly software development and partly FMCG
goods, whether benefit of valuation at a lower rate of 5% on conveyance available
instead of 20%? On what Quantum?

OTHER ISSUES
8 Whether the value of any benefit provided by the employer to its employees by
way of allotment of shares, debentures, or warrants directly or indirectly under
 any Employees Stock Option Plan or Scheme of the company, is liable to FBT?

9 Whether reimbursement of expenditure to an employee purely of a business

nature is liable to FBT? (e.g. Sales tax, stamp duty etc paid.)

11 Meaning of the word ‘purposes’ in the term ‘for the following purposes’ referred
to in sub-section (2) of section 115WB

16 Whether pre-operative expenses would be covered in the scope of fringe benefits?

17 Whether FBT needs to be shown ‘above the line’ or ‘below the line’ in the
profit and loss account?

18 Whether FBT would apply to payment of advance towards expenses to be

incurred in the future?

19 In a case where the expenses are capitalized and amortized over a period,
whether FBT will be payable over the whole of the amount capitalized or restricted
to the amount amortized during the year?

32 Whether gross expenses or net expenses (i.e. net of recovery from employees)
are to be considered for the purposes of FBT?

33 In case of cost sharing arrangement with group companies, whether the employer
making entire payment is liable to FBT on the whole amount or only in respect of
his share?

35 Whether expenses disallowed under section 37 of the Act on the plea that
the expenses are personal in nature, would also be liable to FBT?

36 Whether expenditure identified as bogus expenditure in the assessment will be

liable to FBT?

39 Whether the provisions of FBT will apply to an assessee who has practically
closed the business but is in the process of winding up?

40 Whether the FBT will be applicable to a company or a firm which is deriving income
from house property like warehouses, IT park, etc. and provides lot of other facilities
in the course of letting out?

42 How should the accounting records be modified in order to comply with the FBT?

47 Whether Allowances exempt under section 10(14)(ii) read with Rule 2BB(2) like
children education allowance, transport allowance etc. liable to FBT?

48 Whether lease rent paid or payable for lease of accommodation for staff (including
brokerage paid for the same), against a fixed sum recoverable from employees,
liable to FBT?

69 If Medical Reimbursement -
- exceeds Rs. 15,000
- does not exceed Rs. 15,000

103 Whether FBT would be allowable deduction while computing ‘book profit’ under
section 115JB?

107 Whether excess advance tax paid for the preceding quarter can be adjusted
against advance tax for the subsequent quarter(s)?

NON-RESIDENT RELATED ISSUES

22 Does FBT apply to foreign companies?

23 Whether FBT is chargeable from an entity even if its income is exempt under a
 Double Taxation Avoidance Agreement (Tax Treaty)?

24 Whether foreign companies sending their employees on ‘tour’ to India are required
to pay FBT on their travel cost particularly when they are not subject to income tax
in India?

25 Whether a foreign company not having any PE in India and doing business
promotion through an Event Manager or a Liaison office is liable to FBT?

26 Does FBT apply to liaison offices?

27 If foreign company has a permanent establishment (PE) in India and it incurs

expenditure outside India, which is claimed as a deduction in computing the
income of the PE in India, whether FBT would be payable on the expenses incurred
outside India?

28 Availability of credit for FBT in the foreign country of residence.

29 Salary allowance/benefits to persons posted in overseas countries attract tax in

those countries. However, such persons are exempt from taxation in India. Would
the introduction of FBT change the situation?

30 Whether FBT is payable by foreign companies deputing personnel to India for short
duration under technical supervision contracts?

30 Whether expenses incurred are liable to FBT if such expenses are reimbursed by
the Indian entity to the foreign company or the Indian entity directly bears the
expenses incurred by the expatriates?

31 Whether FBT is payable by a foreign company even if its employee(s) are not
taxable in terms of the Article relating to dependent personal services (DPS) in any
Tax Treaty?