banner_ad

FBT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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 !
Profile Image

SUBRAMANYA H

Profile Image

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
Profile Image

rohini

Profile Image

rohini (Querist)
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?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details