Drop sales promos spend from FBT net: Ficci

Ficci has called for the removal of expenses on sales promotion, publicity and payment for use of "brand" or to a "brand ambassador" from the ambit of the fringe benefit tax (FBT).

In a petition to Finance Minister P Chidambaram, Ficci President Onkar S Kanwar has pointed out that dropping these items of expenditure from the list would bring rationality to the FBT regime without resulting in any significant loss of revenue to the government.