FBT
This query is : Resolved
07 May 2009
Dear all,
Whether reimbursement of vehicle expense & periodical expenses are liable to FBT ?
Whether reimbursement of vehicle expense & periodical expenses are liable to FBT ?
07 May 2009
1. FBT IS APPLICABLE ON VEHICLE EXP
2.PERIODICAL (NEWSPAPER)IS EXCLUDED
2.PERIODICAL (NEWSPAPER)IS EXCLUDED
07 May 2009
If the reimbursement is on account of motor car repair running and maintenance expenses, FBT attracts as per section 115WB(2)(H)of The Finance Act,1994.
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