How the FBT provisions is applicable to a foreign company doing the business of aircraft declaring deemed income u/s 44BBA .
Please give me your valubale suggestion
Adarsh B Nair
5 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 28 September 2008
Are you talking of a branch of foreign companies.
Jitender
(Chartered Accountant)
(8724 Points)
Replied 28 September 2008
exp of indian operations are liable to fbt.
CA Adarsh Nair
(Chartered Accountant)
(33 Points)
Replied 05 October 2008
| Originally posted by :Jitender | ||
| " | exp of indian operations are liable to fbt. | " |
how the FBT will be calculated in case of a foreign company declaring deemed income u/s 44BBA?
Mayank Sharda
(Student)
(53 Points)
Replied 13 January 2009
Foriegn company is liable to FBT only if it had an employees based in India...if company had not an employee base in india he is not liable to FBT...
Refer circular no. 8/2005 of CBDT....
Atul Kumar
(CA)
(504 Points)
Replied 13 January 2009
Mayank is right. Finance Ministry has issued circular no. 8/2005 of CBDT containing a list of around 105 Questions with answers which covers almost all the queries.
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