Urgent Query regarding FBT

CA IN PRACTICE... ( CA ) (490 Points)

25 December 2009  

Dear Friends

Can anybody tell me the amendment in FBT from 1-4-2010

it means in 2009-2010 (i.e. 1-4-2009 to 31-3-2010) we have to

calculate it for all year or Ist quarter only.

It will be terminated from 1-4-2010

Is it. or any other notification

Please guide because one of my friend is accountant in any

partnership firm and he says that from Ist Quarter of 2009 that

is 1-4-2009 to 30-6-2009 there is no FBT calculation on related

expenses and he puts as much as expenses to that heads that

which he use to ignore earlier.

Please guide.