Whether Insurance Charges paid for Motor Car comes under the purview of
"Repairs, running and maintenance of Motor Cars' for FBT purpose ?
Whether Insurance Charges paid for Motor Car comes under the purview of
"Repairs, running and maintenance of Motor Cars' for FBT purpose ?
NO
AND FROM AY 2010-11 FBT IS ABOLISHED
From F. Y. 2009 - 10 FBT has been abolished. For earlier years it is applicable/
ya for the earlier years it was taxable.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
