FBT on sponsorship

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Sushant Panigrahi (Querist)
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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.)

prem pareek

prem pareek (Expert)
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14 March 2008 yes the amount of expenditure incurred by the company for sponsorship programme is liable for fbt

Sushant Panigrahi

Sushant Panigrahi (Querist)
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15 March 2008 but there is a provision that if sponsorship is paid to a govt body then it is exempt

MANAS ROUT

MANAS ROUT (Expert)
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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.