I wrote about the exemption of Fringe Benefit Tax in my post on 07, July, and here’s a report on yet another mid year addition of taxing perquisites offered to employees. The Direct taxation board and Finance Ministry works on absolute whims without being sensitive to the amount of change in process that a company would need to carry out in administering such whims.

All the talk about saral tax filing and simplification of taxation processes goes out of the window. There is an absolute commerce thriving in coming to terms with such whimsical turn-around by the government authorities. The report can be viewed in the link below.

tax-on-perquisites-et-191209