IT & FBT
This query is : Resolved
24 July 2009
dear friends,
I disallowed donation,pooja,telephone exps (20%)& repairs & Maintenance of vehicle(20%)and other items for calcilating total income in Income tax. Is it necessary to take these item for FBT.
I disallowed donation,pooja,telephone exps (20%)& repairs & Maintenance of vehicle(20%)and other items for calcilating total income in Income tax. Is it necessary to take these item for FBT.
24 July 2009
if any exp is disallowable in IT then FBT is not payable on it.
25 July 2009
agree with Jitendra
30 December 2009
FBT is additional to Income tax. then why we are not taking for both.is it both are alternative??? anyone pls. explain with logic
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