FBT on sponsorship
This query is : Resolved
Sushant Panigrahi
(Querist)
14 March 2008
Sponsorhip Fees paid for an event which is supported by the state / Central Governemnt will be liable for FBT.
(For e.g Suppose i an IT Company and paid Sponsorhip fees for organising event regarding IT which is supported by central/state Govt of India.)
(For e.g Suppose i an IT Company and paid Sponsorhip fees for organising event regarding IT which is supported by central/state Govt of India.)
prem pareek
(Expert)
14 March 2008
yes the amount of expenditure incurred by the company for sponsorship programme is liable for fbt
Sushant Panigrahi
(Querist)
15 March 2008
but there is a provision that if sponsorship is paid to a govt body then it is exempt
MANAS ROUT
(Expert)
15 March 2008
EXPENDITURE ON SPONSORSHIP OF ANY SPORTS EVENT OR ANY OTHER EVENT ORGANISED BY ANY GOVERNMENT AGENCY OR TARADE ASSOCIATION OR BODY IS EXEMPT FROM FBT.
SO NO NEED FOR PAYMENT OF FBT.
SO NO NEED FOR PAYMENT OF FBT.
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