applicabilty of F.B.T on dissallowed expenses?
This query is : Resolved
14 February 2009
hello friendzzzzz
is f.b.t is levievable on expenses which r disallowed under income tax?or it is paid on oxpenses which we book in our accts book i.e. as per co.law.....
example : there is repairs of motor car n we deducted t.d.s but we didnt pay it so our exp.will be disallowed under i.tax and it will be allowed when we actually pay t.d.s so my quest.is when our liabilty of f.b.t will arise when exp.will be allowed or now?
is f.b.t is levievable on expenses which r disallowed under income tax?or it is paid on oxpenses which we book in our accts book i.e. as per co.law.....
example : there is repairs of motor car n we deducted t.d.s but we didnt pay it so our exp.will be disallowed under i.tax and it will be allowed when we actually pay t.d.s so my quest.is when our liabilty of f.b.t will arise when exp.will be allowed or now?
17 February 2009
Any expenditure which is disallowed under sections 37,40,40A,43B shall not be considered for the purpose of fringe Benefit Tax.
Refer :www.fastfacts.co.in
Circular No. 8/2005, dated august 29,2005
Refer :www.fastfacts.co.in
Circular No. 8/2005, dated august 29,2005
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- Bank Accounts in Balance Sheet for ITR 3
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
