FBT
This query is : Resolved
Rishi Vyas
(Querist)
22 February 2009
Our Company is going to organise a Dealers' Meet for which all the Boarding & Lodging, Travelling, Sight seeing, Entertainment, Local conveyance, Gift expenses will be borne by the Company ?
What will be tax implications regarding FBT.
Are these expenses to be taxed under different heads or they may be taken collectively under the head "Conference"
Please provide me a detailed note so that I may plan the budget and make provisions.
What will be tax implications regarding FBT.
Are these expenses to be taxed under different heads or they may be taken collectively under the head "Conference"
Please provide me a detailed note so that I may plan the budget and make provisions.
CA. B.SRINIVASULU
(Expert)
22 February 2009
You should consider seperately. Because the FBT is payable on a specific percentage of each item which varies from head to head.
CA. B.SRINIVASULU
(Expert)
22 February 2009
You should consider seperately. Because the FBT is payable on a specific percentage of each item which varies from head to head.
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