Dear All
Is FBT is laible on Guest House expenses....... ???????????
2 Replies
CA. Dashrath Maheshwari
(TaXpert)
(15108 Points)
Replied 06 June 2009
Finance Act, 2008 made some significant amendments to the provisions relating to the levy of FBT.
With a view to rationalizing the provisions of FBT, Section 115WB (2) was amended.
Now, Expenditure on guest house will not be considered for FBT.
Jagdish Bhalia
(Practicing CA)
(453 Points)
Replied 10 June 2009
Provision of FBT will not applicable on guest house expenses
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