Urgent - FBT on Guest House exp
This query is : Open
14 March 2009
Are the Expenses on maintenance of Guest House liable to FBT for the AY 2009-10?
14 March 2009
Yes u/s - 115WB(2)(K)
14 March 2009
Yes, covered under Sec 115WB(2)(K)
Value of Fringe Benefit - 20% of Total Expenditure
Value of Fringe Benefit - 20% of Total Expenditure
14 March 2009
Thanks for the replies. But the Exp of maintenance of the Guest house does not attract FBT from the AY2009-10.
This amendment was made in the Finance Act 2008.
This amendment was made in the Finance Act 2008.
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