FBT
This query is : Resolved
21 April 2009
Pl help ASAP. We are contemplating to provide as part of managerial remuneration to Director, medical reimbursement of Rs.15000 p.a. and reimbursement of actual telephone bills (residential and mobile). Do they attract FBT? Also if we change the mobile connection to the company name (since it is being used for company purpose only) can we avoid FBT. Pl advise.
21 April 2009
A managing director is an employee of the company, but not to the extent so as to be entitled to preferential payments.
MD remuneration would not attract FBT as it is txable under directors hands under the head Salary.
MD remuneration would not attract FBT as it is txable under directors hands under the head Salary.
21 April 2009
Telephone provided to the director will attract FBT and medical re immbursement also Attract FBT.
21 April 2009
agree with experts
21 April 2009
both payment/expenses attract FBT. there is no differance for connect. in company name and used for official purpose.med. reimb. upto 15000/- attract FBT in hand of company and above it taxable in the hands of employee.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EPF FULL & FINAL RULES IN 2026
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Fixe term employment
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
