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Insurance on New Car is taxable for FBT?

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(Querist)
27 December 2008 Is Insurance amt of New Car included in asset value ? Is FBT charge on Insurance ?
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
27 December 2008 Insurance on fixed assets how fbt ?
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K V Subba Rao

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K V Subba Rao (Expert)
27 December 2008 Yes. Visit http://www.thehindubusinessline.com/2005/08/06/stories/2005080600171100.htm
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