| Originally posted by :Moiz W | ||
| " | The assessee company is engaged in the business of Medical Consultancy and owns a Yatch for business purposes for its directors and clients. During the year, the company has incurred expenditure on maintenance of the Yatch. Whether such expenditure is taxable from FBT point of view and if yes, under which head? Thank You |
" |
FBT is applicable only for cars and aircrafts. It is NOT applicable to two wheelers and other motor vehicles.
FBT is not Applicable in this Case. it is applicable on Repair, Maintance and Depreciation of Motor Car, Aircraft.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
