Menu
FBT
I have a question if the director of a company uses money or taken money from business for his personel use will the FBT attracts for that
Replies (4)
FBT is required to be computed for the items listed under the respective section.
monies advanced to director is not covered under the section will not be taxed.
but do check for the applicability of dividend provision u/s 2 (22) (e) of income tax act
Nope it will not attract FBT.
FBT will attract when amount will paid and will depend on nature of expenses.
if amount is shown under balance sheet as advance to directors it will not attract FBT
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
