Applicability of FBT
This query is : Resolved
25 March 2008
Please Clarify!A Sales Manager of the company is receiving sales incentives.Does FBT is liable on this sales incentive as it has been specifically exempted FBT on sales incentives given to distributors.but here an employee of the company is receiving sales incentives.
25 March 2008
Sales incentives is directly taxable in the hands of employee so it is not be liable for FBT. One income can not tax twice.
25 March 2008
Sales incentive is taxable in the hands of sales executive so to avaoid double taxation itsexempt from FBT
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