FBT
This query is : Resolved
19 January 2009
Dear Sirs,
If a company allowed their employees for individual mobile connection having CUG facility & mobile company generate 1 bill for all employees which will deduct from the monthly salary of employees & employer will pay thru cheque to mobile company then in this system employer will be liable for pay FBT tax ?
Please advice.
Thanks
If a company allowed their employees for individual mobile connection having CUG facility & mobile company generate 1 bill for all employees which will deduct from the monthly salary of employees & employer will pay thru cheque to mobile company then in this system employer will be liable for pay FBT tax ?
Please advice.
Thanks
19 January 2009
No FBT will be levied in above circumstances, As There is no expense on the employer's account. Employer is paying bills after deducting respective amount from every employees.
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