Is insurance premium of assessee paid by employer comes in FBT or not.
Is insurance premium of assessee paid by employer comes in FBT or not.
Hello Sir,
First of all FBT has been abolished by the Finance Act, 2009 so FBT is not applicable from FY 2009-10.
Had it been applicable, then the FBT is not payble on insurance prem paid by the employer.
FBT is ommited from finanace Act 2009 so there r no FBt levied now
actually that question comes in IT paper of bcom final for a.y 2009-10. thanks sunil sir
In the Assessment Year 2009-10 is FBT is applicable on cash gift?? or it was taxalbe in the hand of employee?
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