As FBT has been abolished, do we have to still attach Annexure II to the Tax Audit Report for the A.Y. 2010-11.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 10 November 2010
NO NEED TO ATTACH THE FBT ANNEXURE TO THE TAX AUDIT REPORT.
CA AJAY KUMAR PUROHIT
(CHARTERED ACCOUNTANTS)
(126 Points)
Replied 11 November 2010
lalit
(finance executive)
(43 Points)
Replied 11 November 2010
CA. Ankit Gajjar
(Professional)
(192 Points)
Replied 12 November 2010
We do not required to attached Annexure - II to the Tax Audit Report for AY 2010-11 as FBT has been abolished. However, if you want then you may put a NOTE to this effect in Tax Audit Report as stated below, to further clarify the same on record.
"As amended by the Finance Act 2009, the provision of Chapter XII-H regarding Fringe Benefits, are not applicable in relation to assessment year 2010-11; hence details of Annexure-II have not been submitted herewith."