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FBT Paid for ESOPs Allowable

This query is : Resolved 
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(Querist)
18 March 2009 Dear Sir,
my client paid following FBT
Amount 43849
ESOPs 360
Shares alotted on Aug-07
Challan No 000048
BSR Code 6390400
Cheque Drawn on ICICI Bank Ltd (Santacruz West Branch)
Date of deposit of advance FBT 14-Dec-07
ESOP Grant Date 29-Apr-06
Exercise Price 576.8
Market Price on vesting date 935.15
FBT rate 33.99%
Is he get deduction of this from STCG coming on sale.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
18 March 2009 FBT is not deductible.
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Anil

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Anil (Querist)
27 March 2009 Thanks
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