FBT on Cab rentals
This query is : Resolved
07 October 2008
Hi all,
Does the expenses on transport services provided to the employees for commuting between the home-ofice-home be considered as fringe benefits given to the employees?Does it attract tax?
Does the expenses on transport services provided to the employees for commuting between the home-ofice-home be considered as fringe benefits given to the employees?Does it attract tax?
07 October 2008
Yes, it will attract FBT
07 October 2008
Please reffer question no 104 of circular 8/2005 issued by CBDT as reproduced below which gives the answer:
104. Whether expenditure incurred by the employer for the purposes of providing free or
subsidized transport for journeys to employees from their residence to the place of work
or such place of work to the place of residence would attract FBT?
Ans. The free or subsidized transport provided to employees for journeys from their
residence to the place of work or such place of work to the place of residence is in lieu
of conveyance/transportation allowance, which is not liable to FBT. Accordingly, the
expenditure incurred by the employer for the purposes of providing free or subsidized
transport for journeys to employees from their residence to the place of work or such
place of work to the place of residence will not be liable to FBT.
104. Whether expenditure incurred by the employer for the purposes of providing free or
subsidized transport for journeys to employees from their residence to the place of work
or such place of work to the place of residence would attract FBT?
Ans. The free or subsidized transport provided to employees for journeys from their
residence to the place of work or such place of work to the place of residence is in lieu
of conveyance/transportation allowance, which is not liable to FBT. Accordingly, the
expenditure incurred by the employer for the purposes of providing free or subsidized
transport for journeys to employees from their residence to the place of work or such
place of work to the place of residence will not be liable to FBT.
07 October 2008
It will not be liable to FBT.
08 October 2008
No it will not attract 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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- BIS Certificates
- Last year TDS Claim
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- 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
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
