FBT liability on Conveyance Reimbursement
This query is : Resolved
21 March 2009
Hi friends,
Please clarify whether FBT is applicable in the following case:
If a company reimburses conveyance expenses incurred by the employee exclusively in relation to work of the client, and later on company gets reimbursement from the client, whether such "out of pocket expenses" are liable to FBT under the head " Conveyance"?
Thanks & regards
SRAVANI P
Please clarify whether FBT is applicable in the following case:
If a company reimburses conveyance expenses incurred by the employee exclusively in relation to work of the client, and later on company gets reimbursement from the client, whether such "out of pocket expenses" are liable to FBT under the head " Conveyance"?
Thanks & regards
SRAVANI P
Shailesh Prajapati
(Expert)
21 March 2009
Yes. As per the Section 115WB (2)(F)/(o) Conveyance expenses incurred in respect of project assigned by a client which is later on reimbursed by the client is included in this section.
Hence the FBT is leviable.
Hence the FBT is leviable.
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