fbt
CA Abhash (Chartered Accountant) (324 Points)
23 June 2007
is fbt also applicable on the insurance amount of vehicles.
3 Replies
CA. Pradeep Nayak
(Not In Practice)
(1408 Points)
Replied 23 June 2007
FBT is applicable on insurance amount paid on Motor Cars only & not all vehicles
Rajendra
(C.A.)
(19 Points)
Replied 23 June 2007
FBT is apllicable to the payments made for insurance premium on MOTOR CARS only u/s. 115 WB (2) (H).
rrchavda
(CA Practice )
(14 Points)
Replied 10 August 2007
yes, any expenditure for repair running and maintainance for vehical is liable to fbt
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