000			00987pab a2200181 454500
008			180718b2006 xxu||||| |||| 00| 0 eng d
100			_aMurthy, K.S.V.L. Narasimha
245			_aFringe benefit tax
260			_c2006
300			_ap.14-18.
362			_aJan
520			_aThe 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			_aFringe benefit tax
650			_aTaxation
700			_aGowri, K.
773			_aManagement Accountant
909			_a68591
999			_c68591 _d68591