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FBT

This query is : Resolved 
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(Querist)
08 May 2009 I JUST WISH TO CONFIRM THE TAXABLE PORTION FOR FBT OF THE FOLLOWING EXPENSES :

FESTIVAL 20% (W.E.F. ASS. YEAR 2009-10)

MAINT. OF GUEST HOUSE OTHER THAN USED FOR TRAINING PURPOSE NIL (A.Y. 2009-10)

IF THE ABOVE RATES ARE TRUE OR NOT ?
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AMIT KUMAR CHAUDHARY

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AMIT KUMAR CHAUDHARY (Expert)
08 May 2009 FESTIVAL TAXABLITY IS 20%

AND GUEST HOUSE IS EXEMPT.


SEE READY RECKONER FOR YOUR REFEREANCE.
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Manoj

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Manoj (Expert)
11 May 2009 Yes its true
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