FBT
This query is : Resolved
22 June 2009
Hi,
1.expenses on food and beverages in a club (eg Poona club, turf club etc) by a director liable to FBT under entertainment or club facilities?
2.are insurance exps pd on vehicles liable to FBT under running and maintenance of motor car?
thanks !
1.expenses on food and beverages in a club (eg Poona club, turf club etc) by a director liable to FBT under entertainment or club facilities?
2.are insurance exps pd on vehicles liable to FBT under running and maintenance of motor car?
thanks !
SUBRAMANYA H
(Expert)
22 June 2009
food expenses of the club to train the staff is exempted from fbt, all other expenses of club is leable for fbt
insurance for motor car is exempted from fbt
insurance for motor car is exempted from fbt
24 June 2009
Hi Mr Subramanya ,
As per Vinod Gupta, a renowned author, insurance on motor car is liable to FBT.
n sorry i didnt frame the 1st query right. if i am a a member of a club n have spent on food in a club. i am a director of a company. those exps liable to FBT under which head?
As per Vinod Gupta, a renowned author, insurance on motor car is liable to FBT.
n sorry i didnt frame the 1st query right. if i am a a member of a club n have spent on food in a club. i am a director of a company. those exps liable to FBT under which head?
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