Urgent -FBT on Inurance on Car

This query is : Resolved 

06 July 2009 Is FBT applicable on the insurance of Motor Car ?

06 July 2009 Yes it's applicable

06 July 2009 yes

06 July 2009 In my Opinion its No,
because it is totally abolished

06 July 2009 Yes FBT will be applicable on it. FBT has been abolished and will take effect from the 1st April, 2010. So FBT liable in f. y. 2009 - 10. Wrong interpretation by CA Suresh

06 July 2009 Aditya's view seems to be correct.

08 July 2009 For current year 2009 - 10 as per budget FBT has been abolished for F. Y. 2009 - 10.


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