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Urgent - FBT on Guest House exp

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(Querist)
14 March 2009 Are the Expenses on maintenance of Guest House liable to FBT for the AY 2009-10?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
14 March 2009 Yes u/s - 115WB(2)(K)
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Reetika Goel

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Reetika Goel (Expert)
14 March 2009 Yes, covered under Sec 115WB(2)(K)
Value of Fringe Benefit - 20% of Total Expenditure



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Sakshi Gumbar

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Sakshi Gumbar (Querist)
14 March 2009 Thanks for the replies. But the Exp of maintenance of the Guest house does not attract FBT from the AY2009-10.
This amendment was made in the Finance Act 2008.

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