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Is FBT is laible on Guest House expenses....... ???????????
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FBT on Guest House
Replies (2)
Finance Act, 2008 made some significant amendments to the provisions relating to the levy of FBT.
With a view to rationalizing the provisions of FBT, Section 115WB (2) was amended.
Now, Expenditure on guest house will not be considered for FBT.
Provision of FBT will not applicable on guest house expenses
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