FBT on party expenses
This query is : Resolved
19 June 2008
Hi
I have one problem kindly suggest. My company has organized a annually day party and organized a conference regarding the future plans of company in india . My doubt is this should we deduct TDS on party expenses and pay FBT on it however I have billed all the expenses to My US parent company. if yes kindly suggest.
I have one problem kindly suggest. My company has organized a annually day party and organized a conference regarding the future plans of company in india . My doubt is this should we deduct TDS on party expenses and pay FBT on it however I have billed all the expenses to My US parent company. if yes kindly suggest.
19 June 2008
Your question is not clear so please provide some more details.
If i assume that party is organised in india and expenses reimbursed by US parent than
In this case Expenses incurred in india so it would be liable to FBT under Employee welfare irrespective of the fact that payment is made by US company(NR).
If i assume that party is organised in india and expenses reimbursed by US parent than
In this case Expenses incurred in india so it would be liable to FBT under Employee welfare irrespective of the fact that payment is made by US company(NR).
20 June 2008
hi Prakash
What kind of details do you need from my side for the above querry.
What kind of details do you need from my side for the above querry.
05 April 2012
FBT has been abolished. Accordingly this query is not relevant any more.
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