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FBT Calclulation under presumptive based income

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(Querist)
26 March 2008 How to calculate FBT liability if assessee falls under section 44AE/AD/AF. i.e presumptive income
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
26 March 2008 IT OVERIDE SECTION 28 TO 44 BUT FBT IS APPLICABLE TO ALL THE ASSESSEES EVEN IF THEIR INCOME IS EXEMPT FROM TAX .ASSESSEES COVERED UNDER 44AE/AF/AD ARE LIABLE TO PAY FBT

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