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Fringe Benefit Tax

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(Querist)
17 June 2008 In a querry asked by Mr Shrinivas on 16.06.08 on FBT , Mr Shekhar has replied that FBT is applicable on Companies and not on Partnership Firms and Sole proprietorship firms.. As far as I know Partnership Firms are liable to pay FBT, yes proprietorship firms are outside the purview of FBT. Am I right.
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Shekar

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Shekar (Expert)
17 June 2008 Yes..FBT is applicable to company & Partnership firm & only Individuals are exempted from FBT..
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