Is FBT payable on labour welfare also..? as in case of staff welfare....
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 16 September 2008
Yes, except on refreshments provided to labour within the factory premises, as in case of staff welfare.
saurabh
(CA)
(552 Points)
Replied 17 September 2008
yes FBT is payable on labour Wefare @ 20% of value of FB * Rate of tax
Sunali
(Learner)
(1317 Points)
Replied 17 September 2008
thanks..
so we can conclude that labour is included in the definition of employees for FBT purposes..
CAclubindia
