FBT - Is it required to be paid when not claimed for Income
This query is : Resolved
Senguttuvan K
(Querist)
18 October 2008
Dear experts
Can FBT be avoided by disallowing the relevant expenses when computing the taxable income?
Can FBT be avoided by disallowing the relevant expenses when computing the taxable income?
Guest
Guest
(Expert)
18 October 2008
yes as per my opinion if the expenses is disallowed then no need to FBT
S.Srinivasaraghavan
(Expert)
18 October 2008
I think in the absence of express provision in this regard, there is a possibility of litigation.
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