Is insurance premium of assessee paid by employer comes in FBT or not.
4 Replies
SUNIL GARG
(CHARTERED ACCOUNTANT)
(175 Points)
Replied 11 April 2010
Hello Sir,
First of all FBT has been abolished by the Finance Act, 2009 so FBT is not applicable from FY 2009-10.
Had it been applicable, then the FBT is not payble on insurance prem paid by the employer.
CA VISHAL RANA,CS,B.Com,AMFI
(Chartered Accountant in Whole Time Practice)
(4354 Points)
Replied 11 April 2010
FBT is ommited from finanace Act 2009 so there r no FBt levied now
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 12 April 2010
actually that question comes in IT paper of bcom final for a.y 2009-10. thanks sunil sir
Rajendra Nath Datta
(0)
(101 Points)
Replied 12 April 2010
In the Assessment Year 2009-10 is FBT is applicable on cash gift?? or it was taxalbe in the hand of employee?
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