17 June 2009
FBT is not depend upon no. of employee, FBT is levied on all person except following 1)Individual 2)HUf 3)Social Club 4)Political Party 5)Person Registered u/s 10(23D) therefor ur company is liable for FBT
17 June 2009
FBT is levied on certain specified expenses in respect of the fringe benefits provided or deemed to have been provided by an employer to his employees. Therefore, Mr. Sayyed's answer needs reconsideration. Agree with Mr. Nitin's view.
CAclubindia
