Liability of FBT

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....iability of FBT<br> Query (Issue) Started By: - Adoni Raghavendra Dated:- 4-3-2009 Last Reply Date:- 16-3-2009 Income Tax<br>Got 2 Replies<br>Income Tax<br>Whether Sponsorship Fee paid liable to FBT? ....

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....and also please send me the latest expenses list which are liable to FBT ? Reply By Surender Gupta: The Reply: Please refer to section 115WB of the Income Tax Act, 1961 which prescribed the expenses....

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.... to be included or excluded from the FBT. Sponsorship of sports event or any other event organised by any Government agency or trade association or body is excluded from the scope of FBT. Reply By Ra....

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....ma Krishana: The Reply: Yes, if not excluded u/s 115WB, the same is taxable.<br> Discussion Forum - Knowledge Sharing ....