FBT Calclulation under presumptive based income
This query is : Resolved
26 March 2008
How to calculate FBT liability if assessee falls under section 44AE/AD/AF. i.e presumptive income
26 March 2008
IT OVERIDE SECTION 28 TO 44 BUT FBT IS APPLICABLE TO ALL THE ASSESSEES EVEN IF THEIR INCOME IS EXEMPT FROM TAX .ASSESSEES COVERED UNDER 44AE/AF/AD ARE LIABLE TO PAY FBT
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