| 000 -LEADER |
|---|
| fixed length control field |
00987pab a2200181 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
180718b2006 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Murthy, K.S.V.L. Narasimha |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Fringe benefit tax |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2006 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
p.14-18. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
|---|
| Dates of publication and/or sequential designation |
Jan |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
The justification given for introducing FBT is both on grounds of equity and economic efficiency. When these fringe benefits are under-taxed, it violates both horizontal and vertical equity. The violation of horizontal equity occurs when a tax-payer receives his entire income in cash and thus bears a higher tax burden in comparison to another tax-payer who receives his income partly in cash and partly in kind. And the violation of vertical equity occurs since these fringe benefits are generally provided only to the senior executives in the organization. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Fringe benefit tax |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Taxation |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Gowri, K. |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Management Accountant |
| 909 ## - |
|---|
| -- |
68591 |
