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FBt

This query is : Resolved 
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(Querist)
07 May 2009 dear all,
Whether any reimbursement to an employee is liable to FBT ?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
08 May 2009 Reimbursement means expenditure incurred by the employee on behalf of his employer and later on it was given back by the employer to him. Baically company has to debit the respective Expense A/c.
It depends upon the fact that whether FBT is leviable on such expenses a/cs or not.
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