17 June 2008
In a querry asked by Mr Shrinivas on 16.06.08 on FBT , Mr Shekhar has replied that FBT is applicable on Companies and not on Partnership Firms and Sole proprietorship firms.. As far as I know Partnership Firms are liable to pay FBT, yes proprietorship firms are outside the purview of FBT. Am I right.
CAclubindia
