Does the provisions of FBT apply for a Trust registered u/s.12AA? 
fbt ON TRUST
Vijay Sarathi H (PARTNER) (562 Points)
28 September 2008
Vijay Sarathi H (PARTNER) (562 Points)
28 September 2008Does the provisions of FBT apply for a Trust registered u/s.12AA?
Siva Kumar
(Student)
(963 Points)
Replied 29 September 2008
FBT not Apply
HUF, funds or trust or institution eligible for exemption under Section 10(23) or registered under Section 12AA, Central Government, State Government
CA phanikumar chebolu
(B.com CMA (CS professional))
(556 Points)
Replied 29 September 2008
No... FBT donot apply for a Trust.
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 06 October 2008
it is not appliable for trust.
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 06 October 2008
Provisions of FBT are applicable only to Partnership firms and companies and not to individuals, huf's and trusts.
Kuldeep Maloo
(Audit Manager)
(90 Points)
Replied 19 November 2008
no sir it does not cover in defination of employer u/s 115w
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