FBT ON DIRECTORS CLUB MEMBERSHIP FEE

This query is : Resolved

PANKAJ MISHRA (Querist)
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19 December 2008 WE HAVE PAID RS.3 LACS AG. ONE YEAR CLUB MEMBERSHIP OF REPUTE.
PAYMENT MADE BY THE COMPANY AND RECEIPT IS ALSO IN THE NAME OF THE COMPANY.
wHAT IS THE TREATMENT OF THIS PAYMENT.
THIS IS A COMPANY EXPENSES AND ATTACT FBT ON CLUB MEMBERSHIP FEE OR THIS IS A PERSONAL EXP. PAYMENT OF OUR DIRECTOR AND HAS TO BE DEBITED TO HIM.
PLEASE GUIDE.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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28 December 2008 Is you co. in question pvt ltd or ltd.

Is any remuneration being given to directors on fixed monthly basis ?

Situations will be different as per the answer of the questions asked by me

If remuneration not given than No question of FBT will arise

Chandrakant Ambani
Bombay
9819408963
9821240674

PANKAJ MISHRA

PANKAJ MISHRA (Querist)
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29 December 2008 Dear sir,
Our company is PVT. LTD. company and we are giving monthly fixed salary to our Director.
Now fbt is applicable on payment of club membership fee or not?
Please clear.

regards
PANKAJ MISHRA
JAIPUR