Dear Freind,
Please let me know whether we have to pay FBT on donation given to any instituation, school or Temple by company.
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FBT
Replies (10)
Donations are not subject to FBT. But, incase of any subsidy is being given to a school, then it attracts FBT.
no
No
Donations are not covered under the charging section of FBT and It is not subject to FBT.
No.Not in FBT Circle
Donation does not come under the Preview the FBT
not applicable on FBT
No
Mr. M.SRIRAM - can u pl clerify and confirm how can subsidy given to a school come within the ambit of FBT...which clause under the Act does it attract?
Donations are not covered by the provisions of FBT
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