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Trust formation - Gratuity to pay FBT

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Is Trust formed for the purposes of Gratuity liable to pay FBT ?

Fringe Benefit Tax: trusts formed to pay gratuity are not treated as specified employers and thus not liable. A trust established to pay gratuity is not liable for Fringe Benefit Tax because only entities designated as specified persons are treated as employers for FBT purposes, and a trust is not classified as a specified person. (AI Summary)
Income Tax
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Ravi Chopra on Jun 4, 2009

No, as per the provisions of section 115W(a) only specified person are liable to FBT. a TRUST is not specified within the provisions of 115W(a) of the income tax act, 1961 as employer.

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