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FBT - Guest House Expenses

This query is : Resolved 

14 February 2009 Dear Sir / Madam

From the Assessment year 2009 - 10, Guest house accommadation expenses are excluded from FBT. I want to know what are all the expenses covered under "Guest House Accommadation". Whether expenses incurred for guest towards food and other related expenses are covered under guest house accommadation.

14 February 2009 Dear Santhil,

All the expenditure on maintenance of guest house shall be covered under this head. However, depreciation on guest house accomodation shall not be covered by this head.

As far as the question of provision of food is concerned, it will be covered under this head. Refer Q-94 of Circular 8/2005.

With best wishes
amarpal@icai.org


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