FBT is Applicable on Whom

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Mohd Sarfaraz Latibani (Querist)
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11 December 2008 Whether FBT is applicable on Proprietor Ship or Partnership Firm.

Bhaskaran Chackrapani Warrier (Expert)
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11 December 2008 Proprietorship is excluded. Refer section 115W.

Jairam (Expert)
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11 December 2008 It is not applicable to the following
1)Individuals
2)HUF
3)Charitable trust, provided it is registered with the CIT.

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