Urgent -FBT on Inurance on Car
This query is : Resolved
06 July 2009
Is FBT applicable on the insurance of Motor Car ?
06 July 2009
Yes it's applicable
06 July 2009
In my Opinion its No,
because it is totally abolished
because it is totally abolished
06 July 2009
Yes FBT will be applicable on it. FBT has been abolished and will take effect from the 1st April, 2010. So FBT liable in f. y. 2009 - 10. Wrong interpretation by CA Suresh
06 July 2009
Aditya's view seems to be correct.
08 July 2009
For current year 2009 - 10 as per budget FBT has been abolished for F. Y. 2009 - 10.
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