FBT on diwali expenses.
This query is : Resolved
16 June 2008
1,Previously in my company has accunted uniform allownaces in staffwelfare now in advertisement. can any one give answer that m i correct or not.
2,on ocasion of diwali company given gift to staff that is sweets,silver coin bedsheet etc. those are booked under staffwelfare but on view by auditor festivel . so, this correct or not on regards of company. Can any one give answer that can i booked under staffwelfare account.
2,on ocasion of diwali company given gift to staff that is sweets,silver coin bedsheet etc. those are booked under staffwelfare but on view by auditor festivel . so, this correct or not on regards of company. Can any one give answer that can i booked under staffwelfare account.
18 June 2008
Uniform Exps should be booked as Staff Welfare Exps n Uniform Exps Are not Liable to Tax
The Gifts given to Employees on ocassion of Diwali should be treated as Festival Exps
The Gifts given to Employees on ocassion of Diwali should be treated as Festival Exps
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
