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Fringe Benefit Tax came in ________.
  • a)
    1994-95
  • b)
    1995-96
  • c)
    2001-02
  • d)
    2005-06
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Fringe Benefit Tax came in ________.a)1994-95b)1995-96c)2001-02d)2005-...
Fringe Benefit Tax (FBT) was introduced as part of Finance Act, 2005 as an additional income-tax and came into force from April 1, 2005. The term Fringe Benefits means 'any consideration for employment provided by way of any privilege, service, facility or amenity provided by the employer to the employees'.
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Fringe Benefit Tax came in ________.a)1994-95b)1995-96c)2001-02d)2005-...
D
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Fringe Benefit Tax came in ________.a)1994-95b)1995-96c)2001-02d)2005-06Correct answer is option 'D'. Can you explain this answer?
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