Hi
Printing of Diary's for Employees & Outsiders for that FBT applicable or not..........
Give if there is any case laws for that...............
6 Replies
Aakhri Pasta
(Hell Froze Over)
(171 Points)
Replied 18 March 2009
Case of Printing of diaries is covered under 115 WB (2)(D) of the IT act i.e. sales promotion, so the same is liable to FBT
CA Karun Gupta
(Practicing Chartered Accountant)
(312 Points)
Replied 06 April 2009
If there is any logo, name, etc. of the company on the diaries then it is not liable to FBT as it becomes advertisement. But if there is no name or logo of the company on the diaries then it is liable to FBT.
CA Karun Gupta
(Practicing Chartered Accountant)
(312 Points)
Replied 06 April 2009
The diaries are for the employees or outsiders, it is irrelevant for the purpose of FBT.
Jagdish Bhalia
(Practicing CA)
(453 Points)
Replied 29 April 2009
FBT will be applicable under the head sales promotion
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