TaxTMI 
TaxTMI 
TaxTMI 
FBT - This Form is applicable in case of a person who is not required to furnish the return of income but is required to furnish the return of fringe benefits (Omitted)
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....62) (Also see attached instructions) FORM ITR-8 2009 -10 GENERAL Part A-GEN Name PAN Is there any change in the company's name? If yes, please furnish the old name PERSONAL INFORMATION Flat/Door/Block No Name Of Premises/Building/Village Date of formation/incorporation (DD/MM/YYYY) / / Status- Write 1 if firm, Road/Street/Post Office Area/Locality if a public company write 6, and if private company write 7 (as defined in section 3 of the Company Act), and write 8 if others Town/City/District State Pin code If domestic Company (Tick) (STD code)-Phone Number Email Address ( ) Designation of Assessing Officer Area Code AO Type Return filed under Section (Enter Code) [See instruction number-9(i)] Range Code AO No FILING STATUSWhether original or Revised return? (Tick) Original Revised If revised, then enter Receipt No and Date of filing original return (DD/MM/YYYY)- Residential Status (Tick) Resident Non-Resident Resident but Not Ordinarily Resident In the case of non-resident, is there a permanent establishment (PE) in India (Tick) Yes No Whether this return is being filed by a representative assessee? (Tick) Yes No If yes, please furnish following i....
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....vant to the assessment year 2009-2010. I further declare that I am making this return in my capacity as and I am also competent to make this return and verify it. Sign here > Place Date ichedule FBI Information regarding calculation of value of fringe benefits Fringe benefit informationNHAre you having employees based both in and outside India? If yes write 1, and if no write 2 2If answer to '1' is yes, are you maintaining separate books of account for Indian and foreign operations? If yes write 1, and if no write 2 WTotal number of employees aNumber of employees in India3a bNumber of employees outside India3b cTotal number of employees3c W NH Schedule FB Computation of value of fringe benefits VALUE OF FRINGE BENEFITSSl. No.Nature of expenditureAmount/value of expenditure*Percent -ageValue of fringe benefits iv= ii x iii + 100 iiiiiiiv 1Free or concessional tickets provided for private journeys of employees or their family members (the value in column ii shall be the cost of the ticket to the general public as reduced by the amount, if any, paid by or recovered from the employee)1ii1001iv 2Any specified security or sweat equity shares [Sections 115WB(1)(d)] [Difference bet....
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....y accommodation in the nature of guest house other than accommodation used for training purposes13ii013iv 14Festival celebrations14ii2014iv 15Use of health club and similar facilities15ii5015iv 16Use of any other club facilities16ii5016iv Maintenance of any accommodation in the nature of guest house other than accommodation used for training purposes 17Gifts17ii5017iv 18Scholarships18ii5018iv 19Tour and Travel (including foreign travel)19ii519iv 20 Value of fringe benefits (total of Column iv) 20iv 21 If answer to '1' of Schedule-FBI is no, value of fringe benefits (same as20iv) 21iv 22 If answer to '2'of Schedule-FBI is yes, value of fringe benefits (same as20iv) 22iv 23 If answer to '2'of Schedule-FBI is no, value of fringe benefits ( 20iv x 3a of Schedule-FBI +3c of Schedule-FBI) 23iv 24 value of fringe benefits(21iv or 22iv or 23iv as the case may be) 24iv *If answer to '2'of Schedule-FBI is yes, enter the figures in lii to 19ii on the basis of books of account maintained for Indian operation. NOTE Schedule FBT Details of payment of Fringe Benefit Tax Sl NoName of Bank & BranchBSR Code Date of Deposit (DD/MM/YYYY)Serial Number ChallanofAmount (Rs) TAX PAYMEN....
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.... return is filed are as under :- Sl.No.How the return is filedCode i.Voluntarily before the due date21 ii.Voluntarily after the due date22 iii.In response to notice under section 115WD(2)23 iv.In response to notice under section 115WG24 10. BRIEF SCHEME OF THE LAW- Before filling out the form, you are advised to read the following- (a) Chapter XII-H of the Act relates to income-tax on fringe benefits paid or deemed to have been paid by an employer to his employees. . (b) Section 115WB provides the list of fringe benefits provided or deemed to have been provided by an employer to his employees which are chargeable to tax. Section 115WC provides as to how to compute the value of the fringe benefits provided or deemed to have been provided. (c) Additional income-tax(fringe benefit tax) is required to be paid by every specified employer at the rate of thirty per cent on the value of such fringe benefits. Surcharge and Education Cess at specified rates are also to be paid on fringe benefit tax(FBT). FBT is payable by an employer even if no income-tax is payable by him on his total income (d) Specified employer means a company, firm, an association of persons or a body of individua....
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....Part A (ii) Schedules (iii) Part B (iv) Verification . 13. Part A-GEN Most of the details to be filled out in Part-Gen of this form are self-explanatory. However, some of the details mentioned below are to be filled out as explained hereunder :- (a) e-mail address and phone number are optional; (b) In case of an individual, for "employer category", Government category will include Central Government/ State Governments employees. PSU category will include public sector companies of Central Government and State Government; (c) The code for sections under which the return is filed be filled as per code given in instruction No.9(i). 14. SCHEDULES (a) Schedule-FBI: The information in this Schedule shall enable computation of the value of fringe benefits in a case where the assessee is having business operation outside India also. Please note that even if there were no employees or business operation outside India, the details of total number of employees based in India have to be filled in row 3a of this Schedule. (b) Schedule-FB: (i) This Schedule has been structured so as to compute the value of fringe benefits in a Tabular form. (ii) In column i, the nature of fringe ben....
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....of payment of fringe benefit tax by way of advance tax and on self-assessment. The details of BSR Code of the bank branch (7 digits), date of deposit, challan serial no., and amount paid should be filled out from the acknowledgement counterfoil 15. PART B-FB-COMPUTATION OF VALUE OF FRINGE BENEFITS AND TAX THEREON (i) Quarter wise break-up of fringe benefits is required to be given in items 1 to 4, so as to facilitate computation of interest in item 12 for default in paying the quarterly instalments of advance fringe benefits tax. (ii) In item 5, fill the details of fringe benefits as computed in item 20(d) of Schedule 17. The amount in item 5 must necessarily be equal to the total of the amounts in items 1 to 4. (iii) In item 6, compute the fringe benefit tax payable on the value of fringe benefits for the previous year, i.e., on the amount in item 5. (iv) In item 7, compute the surcharge as prescribed by the law on the fringe benefit tax as computed in item 6. In case of a domestic company the rate of surcharge is 10 per cent whereas in case of a company other than a domestic company the rate of surcharge is two and one-half per cent. (v) In item 8, compute the education ces....
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....nt (PE) in India (Tick) Yes No Whether this return is being filed by a representative assessee?(Tick) Yes No If yes, please furnish following information - (a)Name of the representative (b)Address of the representative (c)Permanent Account Number (PAN) of the representative AUDIT INFORMATIONAre you liable to maintain accounts as per section 44AA? (Tick) Yes No Are you liable to audit under section 44AB? (Tick) Yes No,If yes, furnish following information- (a)Name of the auditor signing the tax audit report (b)Membership no. of the auditor (c)Name of the auditor (proprietorship/ firm) (d)Permanent Account Number (PAN) of the proprietorship/ firm (e)Date of audit report. For Office Use Only For Office Use Only Receipt No Date Seal and Signature of receiving official PART-B Computation of Fringe Benefits and fringe benefit tax Part B COMPUTATION OF FRINGE BENEFITS AND FRINGE BENEFIT TAX1Value of fringe benefits afor first quarter1a bfor second quarter1b cfor third quarter1c dfor fourth quarter1d eTotal fringe benefits (1a + 1b + 1c + 1d) ( also 24 iv of Schedule-FB)1e 2Fringe benefit tax payable [30% of 1e]2 3Surcharge on 23 4Education cess including secondary and higher educ....
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....r recovered from the employee)1ii1001iv 2Any vesting rupeesspecified security or sweat equity shares [Sections 115WB(1)(d)] [Difference between the fair market value on the date and amount recovered from or paid by the employee] and contribution to an approved superannuation fund for employees (in excess of one lakh in respect of each employee)2ii1002iv 3Entertainment3ii203iv 4aHospitality in the business other than business referred to in 4b or 4c or 4daii20aiv bHospitality in the business of hotelbii5biv cHospitality in the business of carriage of passengers for goods by aircraftcii5civ dHospitality in the business of carriage of passengers or goods by shipdii5div 5Conference (other than fee for participation by the employees in any conference)5ii205iv 6Sales promotion including publicity (excluding any expenditure on advertisement referred to in proviso to section 115WB(2)(D)6ii206iv 7Employees welfare7ii207iv 8aConveyance, in the business other than the business referred to in 8b or 8c or 8daii20aiv bConveyance, in business of constructionbii5biv cConveyance in the business of manufacture or production of pharmaceuticalscii5civ dConveyance in the business of manufacture or pro....
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....e of any accommodation in the nature of guest house other than accommodation used for training purposes NOTE *If answer to '2'of Schedule-FBI is yes, enter the figures in lii to 19ii on the basis of books of account maintained for Indian operation. Details of payment of Fringe Benefit Tax Schedule FBT TAX PAYMENTSSl NoName of Bank & BranchBSR CodeDate of Deposit (DD/MM/YYYY)Serial Number of ChallanAmount (Rs) i ii iv v NOTE Enter the total of v in 8a and 8b of PART-B Document 4 Instructions for filling up FORM ITR-8 1. Legal status of instructions These instructions though stated to be non-statutory, may be taken as guidelines for filling the particulars in this Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 2. Assessment Year for which this Form is applicable This Form is applicable for assessment year 2008-2009 only. 3. Who can use this Form This Form is applicable in case of a person who is not required to furnish the return of income but is required to furnish the return of fringe benefits 4. Annexure-less Form No document (including report of audit) should be attached to this form. Of....
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....to be paid by every specified employer at the rate of thirty per cent on the value of such fringe benefits. Surcharge and Education Cess at specified rates are also to be paid on fringe benefit tax(FBT). FBT is payable by an employer even if no income-tax is payable by him on his total income (d) Specified employer means a company, firm, an association of persons or a body of individuals (whether incorporated or not), a local authority and every artificial juridical person. However any person eligible for exemption under section 10(23C) or registered under section 12AA or a political party registered under section 29A of the Representation of the People Act, 1951 is not chargeable to fringe benefits tax. (e) The Central Board of Direct Taxes had issued an exhaustive Circular No.8 / 2005 dated 29.8.2005 explaining the provisions relating to fringe benefit tax. In case of any doubt, the assessees may refer to the said circular. (f) The explanatory circular (No. 9 dated 20.12.2007) on Fringe Benefit Tax arising on allotment or transfer of specified securities or sweat equity shares may also be referred to, if applicable, while working out the value of fringe benefits 11. SCHEME OF....
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....ness operation outside India also. Please note that even if there were no employees or business operation outside India, the details of total number of employees based in India have to be filled in row 3a of this Schedule. (b) Schedule-FB: (i) This Schedule has been structured so as to compute the value of fringe benefits in a Tabular form. (ii) In column i, the nature of fringe benefits as provided in section 115WB in relation to which value of fringe benefits under section 115WC is to be computed has been provided. (iii) (a) In column ii, the amount/ value of items mentioned in column i have to be filled in. (b) As mentioned in item 21 of the said Schedule, if there is no employee based outside India, the value of fringe benefits to be filled in column ii shall be same as recorded in the books of account in India. (c) Further, as mentioned in item 22 of the said Schedule, if there are employees based outside India and separate books of account for Indian and foreign operations are maintained, the value of fringe benefits to be filled in column ii shall be same as recorded in the books of account in India. (d) Also as mentioned in item 23 of the said schedule, if there are ....