FBT
This query is : Resolved
santosh dubey
(Querist)
10 March 2009
Sir,
In an school organisation wether it is necessary to pay FBT.....?
In an school organisation wether it is necessary to pay FBT.....?
CA.SHAHZAD SAYYED
(Expert)
10 March 2009
u/s 115 W(a) FBT is applicable on all Persons except following
1 Individual
2 HUF
3 Person Whose income is exempt u/s 10(23C) or 12AA
4 Political Party u/s 29A
5 Government Cos. (both State or Central)
in your case if School is formed u/s 10(23)then no FBT liable else you have to pay FBT
1 Individual
2 HUF
3 Person Whose income is exempt u/s 10(23C) or 12AA
4 Political Party u/s 29A
5 Government Cos. (both State or Central)
in your case if School is formed u/s 10(23)then no FBT liable else you have to pay FBT
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