I don't agree with the rationale to tax the companies on account of fringe benefits. It means even loss making companies will have to pay tax. Ok u tax the companies who can afford to pay, like infy, wipro. There u are giving exemptions. Why FM reduced the corporate tax and then brought in FBT is not understandable. No body asked for it. It would have been fair to tax those who have earnings. As it is only IT Inc is earning now a days and not other old economy Incs.
