24 September 2008
Only the coupons given to employees, which are usable only at eating joits n not transferable are exempt from FBT. Coupons given to dealers are in the nature of SALES PROMOTION & liable to FBT.
24 September 2008
refer Sec 115WB(2)(B) - Expenditure on pre paid food vouchers and used only at eating joints or outlets - paid vouchers which are not trasferable. - NOT liable for FBT
CAclubindia
