FBT on sponsorship

This query is : Resolved 

14 March 2008 Sponsorhip Fees paid for an event which is supported by the state / Central Governemnt will be liable for FBT.
(For e.g Suppose i an IT Company and paid Sponsorhip fees for organising event regarding IT which is supported by central/state Govt of India.)

14 March 2008 yes the amount of expenditure incurred by the company for sponsorship programme is liable for fbt

15 March 2008 but there is a provision that if sponsorship is paid to a govt body then it is exempt


15 March 2008 EXPENDITURE ON SPONSORSHIP OF ANY SPORTS EVENT OR ANY OTHER EVENT ORGANISED BY ANY GOVERNMENT AGENCY OR TARADE ASSOCIATION OR BODY IS EXEMPT FROM FBT.
SO NO NEED FOR PAYMENT OF FBT.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries