to whom Fbt is Applicable whether Partnership firm is audited, wat abt sole prop………?
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Very Urgent....
Replies (7)
FBT not applicable for Prop. Business.
FBT is not Applicable to Individuals,HUF.It is applicable to partnership firms...
FBT is not Applicable to Individuals but is applicable to partnership firms...
FBT is not applicable to individual.
According to Section 115W(a)
FBT is applicable to Following entities
1. A Company
2. A Firm
3. AOP, BOI, whether incorporated or not
4. Local Authority
5. every artificial juridical person, not falling within following subsection
(i) person eligible for exemption under section 10(23C)
(ii) registered under Section 12AA
(iii) political party registered under section 29A of the Representation of People Act, 1951
I agree fully with Shudhanshu
According to Section 115W(a)
FBT is applicable to Following entities
1. A Company
2. A Firm
3. AOP, BOI, whether incorporated or not
4. Local Authority
5. every artificial juridical person, not falling within following subsection
(i) person eligible for exemption under section 10(23C)
(ii) registered under Section 12AA
(iii) political party registered under section 29A of the Representation of People Act, 1951
good answer shudhansu
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