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<h1>Fringe benefit tax reporting: specified employers must compute and remit tax on fringe benefits using the prescribed ITR 8 return.</h1> Specified employers not otherwise filing income tax returns must use Form ITR 8 to compute and disclose the value of fringe benefits (via Schedule FB and Schedule FBI), calculate fringe benefit tax with surcharge and education cess, account for interest on defaults, report advance and self assessment payments in Schedule FBT, and file the annexure less return by prescribed methods with a signed statutory verification.
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