17 November 2008
Hi, I have incurred expense on medical reimbursement of employees. I want to know whether I am liable to pay FBT on Rs. 15000 which is exempt in the hands of employees.
17 November 2008
Liable for FBT : Expenditure actually incurred by the employee for medical treatment in an unapproved hospital upto Rs.15,000/- during the year.
17 November 2008
Not Liable for FBT : Expenditure exceeding Rs.15,000/- during the year, actually incurred by the employee for medical treatment in an unapproved hospital.
CAclubindia
