FBT
This query is : Resolved
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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