TaxTMI 
TaxTMI 
Applicability of FBT
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....pplicability of FBT<br> Query (Issue) Started By: - Rahul Bagaria Dated:- 17-6-2009 Last Reply Date:- 18-6-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>Whether FBT will be attracted on the Company ....
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....leased car and house which has been leased in the name of the company and the company is paying rent on behalf of the employee and recovering from his/ her salary In both the above cases please help m....
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....e to know on the monthly EMI/Rent paid by the company on behalf of the employee, whether FBT will be attracted. Reply By Mukesh Kumar: The Reply: As per the query it appears that the amount is not a....
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....n expenditure in the hands of company. The amount towards installments or rent or lease is paid by the company of behalf of the company and would not qualify the provisions of FBT. NO clause of sectio....
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....n 115WB appears to cover the above transactions within its scope. Therefore, the same should be liable for FBT.<br> Discussion Forum - Knowledge Sharing ....