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 :
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
Related Topics :
CAclubindia
