According to a chartered accountant, “the FBT will be a nightmare for employees and accounts departments of companies; a headache for chartered accountants who will be burdened with silly and cumbersome calculations; and a windfall for the corrupt”. A majority of tax lawyers and chartered accountants have repeatedly called this tax ‘unconstitutional’ and an assault on the freedom of tax payers.
For complete IIPM article click here
Source- IIPM Editorial, 2006
For complete IIPM article click here
Source- IIPM Editorial, 2006
