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Fringe Benefit Tax

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(Querist)
12 January 2009 A company distributed packaged drinking water to devotees standing outside a renowned temple. The packaged water bore the logo of the company.
Is the company liable to pay FBT under the head Business Promotion?
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
12 January 2009 In my opinion, it should be liable.
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K V Subba Rao

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K V Subba Rao (Expert)
13 January 2009 Unfortunately, YES
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