fbt
This query is : Resolved
14 January 2009
what provision for fbt on tour&trvelling and rate also
14 January 2009
The base for valuation of FBT will be 20% for expenses on entertainment, hospitality, sales promotion and publicity, employee welfare, conveyance, tour and travel (including foreign travel) and use of hotels.
Tax of 30% will be levied on the value of the fringe benefit calculated at the above rates
Tax of 30% will be levied on the value of the fringe benefit calculated at the above rates
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