FBT liability
This query is : Resolved
18 August 2008
as we know that if there is no employee then there will not be any FBT. but in case two companies (A ltd. & Y Ltd.) incorporates an AOP for specific purpose & there is an agreement that salary will be give by such companies on behalf of AOP, in fact there is no new appointment of employees in AOP, while employees of A Ltd & B ltd. are doing the job for AOP work.
in the given case if any re-imbursment is made by AOP to such employees of A & B Ltd. & such exp. are liable for FBT like conveyance, tele. ph. etc.
PROB 1 In such case is AOP is liable to pay FBT ?
PROB 2 as we know if there are No Employees than no FBT will occur. but in above said case manupulation may be done by making AOP in order to avoid FBT
in the given case if any re-imbursment is made by AOP to such employees of A & B Ltd. & such exp. are liable for FBT like conveyance, tele. ph. etc.
PROB 1 In such case is AOP is liable to pay FBT ?
PROB 2 as we know if there are No Employees than no FBT will occur. but in above said case manupulation may be done by making AOP in order to avoid FBT
18 August 2008
No employee, No FBT.
18 August 2008
Yes if there is no employee at al then no question of FBT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
