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Urgent -FBT on Inurance on Car

This query is : Resolved 
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(Querist)
06 July 2009 Is FBT applicable on the insurance of Motor Car ?
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Ashok Madhavi

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Ashok Madhavi (Expert)
06 July 2009 Yes it's applicable
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Nazir

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Nazir (Expert)
06 July 2009 yes
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
06 July 2009 In my Opinion its No,
because it is totally abolished
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
06 July 2009 Yes FBT will be applicable on it. FBT has been abolished and will take effect from the 1st April, 2010. So FBT liable in f. y. 2009 - 10. Wrong interpretation by CA Suresh
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 July 2009 Aditya's view seems to be correct.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 July 2009 For current year 2009 - 10 as per budget FBT has been abolished for F. Y. 2009 - 10.

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