FBT on Reimbursement
This query is : Resolved
07 January 2009
i m payning my staff thru reimbursement expenses like fuel, telephone, car hire charges, driver salary
on the above expenses whether i need to pay fbt or not
on the above expenses whether i need to pay fbt or not
07 January 2009
Dear Norat,
if the above expenses form part of salary of your staff then the same is taxable in the hands of employees as per circular No.8/2005. But if it doesn't form part of salary of your staff then the entire expenses shall be subject to FBT.
if the above expenses form part of salary of your staff then the same is taxable in the hands of employees as per circular No.8/2005. But if it doesn't form part of salary of your staff then the entire expenses shall be subject to FBT.
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