banner_ad

Whether donation is liable to FBT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 June 2009 Our clent makes donations which are covered under section 80G - 50 percent eligibility slab. They are paying FBT on the full amount under "GIFTS". Are these liable to FBT & if, yes, then whether on full amount or amount net of deduction under section 80G.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
12 June 2009 No donation is not liable to FBT. It is not an allowable business expenditure. Only 50% u/s 80G subject to restrictions of 10% of income is allowable
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
13 June 2009 Agree with Aditya
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details