FBT provisions

Is there any changes in FBT provisions if any pls give me full detail about this

n these changes are applicable for nov-08 CA -PCC exams.

Replies (4)
Originally posted by :sachin gupta
" Is there any changes in FBT provisions if any pls give me full detail about this
n these changes are applicable for nov-08 CA -PCC exams.
"


 

No there is no change in provision of FBT

115WB (1) (d)

FBT for ESOP

Fair Mkt value  to be taken on the date when it was granted to the employee.

CLARIFICATION

Amount of TAX RECOVERED from employee on FBT of ESOP shall be deemed to have been paid & employee will not get any credit for the same.

DUE DATE for filing FBT Return also

30th SEPT A.Y.

Sec 115 WB(2) L -

Festival Celebration - VALUE OF FBT : 50%

 

Plz note due date for nov 08 exam is 31st oct .

Whether maintenance of any accomodation in the nature of guest house (other than accommodation used for training purposes)

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