Insurance on New Car is taxable for FBT?

This query is : Resolved 

27 December 2008 Is Insurance amt of New Car included in asset value ? Is FBT charge on Insurance ?

27 December 2008 Insurance on fixed assets how fbt ?

27 December 2008 Yes. Visit http://www.thehindubusinessline.com/2005/08/06/stories/2005080600171100.htm


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