28 March 2009
My question is that, in case company had paid Fringe Benefit Tax on club entrance fees for director paid by company and consequently such entrance has been desallowed by ITO at the time of assessment,whether such excess FBT paid on expenses desallowed is refundable or not?Except club membership fees what will be the treatment for any other expenses in which FBT already have been paid and later on disallowed by ITO?
CAclubindia
