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.
Message likes :
1 times
05 April 2012
Thanks , i know that however my question raised in year 2008
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Sales of goods of amount Rs97 lakhs to a party
- CREDIT NOTES WITHOUT GST
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
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
