fbt

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CS staffy kapoor (Querist)
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01 October 2009 as fbt is not applicable then what will be tax treatment of the items on which fbt was paid by the employer..earlier they were taxed in the hands of employer.now will they be taxed in the hands of employee???i got answer against advance payment of fbt.but ques is regarding the portion of fbt services which was exempt frm tax for employees and employer paid tax.now who will pay tax??employee will pay.i need a detailed answer.

CA Sanjeev Kr Jain

CA Sanjeev Kr Jain (Expert)
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02 October 2009 advance FBT paid for A Y 20010-11 shall be treated as advance income tax