FBT is Applicable on Whom

This query is : Resolved 

11 December 2008 Whether FBT is applicable on Proprietor Ship or Partnership Firm.

11 December 2008 Proprietorship is excluded. Refer section 115W.

11 December 2008 It is not applicable to the following
1)Individuals
2)HUF
3)Charitable trust, provided it is registered with the CIT.




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