banner_ad

books & periodicals - Uniform allowance-fbt effected

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 February 2008 our company giving employees to

reiumbursement of
1.Uniform Allowance
2.Books & periodicals
3.Club & food expenses
4.interest free loans

the above all are exemption given from salaries. but on that expenditure FBT effected or not ?
the above exemption given after submission of bills or not

please sir
Profile Image

CA Hemant T Dewani

Profile Image

CA Hemant T Dewani (Expert)
15 February 2008 1-Uniform allowance provision of uniform,
safety equipments,safety wares,shall not be liable to fbt where it is prvided under statutory obligation. Q.74 of the circular
2-reimbursment of expenditure on books and periodicals shall be liable to fbt as ans to Q.75
3-Club and Food expences are liable to fbt
vide clause (N) of s.115WB(2)
4-interest free loan is not liable to fbt
it is liable u/s 17 as perqusit
Profile Image

CA. Kirti S. Ganatra

Profile Image

CA. Kirti S. Ganatra (Expert)
15 February 2008 Books Periodical attract FBT and Club Food Exepnse will attract FBT. Even Food exepense will require proof to be submitted
Profile Image

CA Anil Jain

Profile Image

CA Anil Jain (Expert)
16 February 2008 but Food facility provided in the factory premises is not liable to FBT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details