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FBT on Insurance charges for Motor Car

Others 735 views 3 replies

Whether Insurance Charges paid for Motor Car comes under the purview of

"Repairs, running and maintenance of Motor Cars' for FBT purpose ?

Replies (3)

 NO

AND FROM AY 2010-11 FBT IS ABOLISHED

From F. Y. 2009 - 10 FBT has been abolished. For earlier years it is applicable/

ya for the earlier years it was taxable.


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