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FBT

This query is : Resolved 
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(Querist)
13 September 2009 during the audit for f/y 08-09 i found that:-
a company is paying for club fee/golf course fee for the director, but the membership in the name of director whether it is liable for fbt or it is included in director's salary
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Kapil Arora

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Kapil Arora (Expert)
13 September 2009 A company has a sperate idenity as per its defination so this is not under bracket of FBT but if u r oing of current year audit FBT got abloished kkkkk
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CA Kanwaljeet

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CA Kanwaljeet (Querist)
13 September 2009 dear kapil i was talking about f/y 2008-09
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Nazir

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Nazir (Expert)
14 September 2009 Yes.. it is FBT applicable expense.
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