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FBT

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02 September 2009 My client is a sole proprietor and he is liable to tax audit. He has employed some employees also , i just want to know wheher he will be liable to FBT.

02 September 2009 FBT is not applicable to sole proprietor.

02 September 2009 hes not liable for fbt n as such fbt is abolished




02 September 2009 as per provisions of section 115W(a), defines meaning of employer, and sole proprietor is not covered in the same, further definition given under referred section is inclusive not exhaustive



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