FBT on Reimbursement exp.
This query is : Resolved
Baljinder Singh
(Querist)
20 September 2008
Sir,
As I know that FBT paid on Expenses incurred for welfare of Staff. I would like the following expenses covred under FBT
1. We have reimbursed the expenses to Professional regarding thier visit to office our from Mumbai to Delhi. ie Tour & Travelling, Conveyance, Telephone Etc.
the same expenses book under the head tour & travelling, Conveyance, Telephone.
2. Same as we bear the tour (Air fare & Hotel Exp.)expenses of our customer and book under tour & travelling, conveyance etc.
Is we are liable to pay FBT on that?
Pls adv. me
Regards,
Baljinder Singh
As I know that FBT paid on Expenses incurred for welfare of Staff. I would like the following expenses covred under FBT
1. We have reimbursed the expenses to Professional regarding thier visit to office our from Mumbai to Delhi. ie Tour & Travelling, Conveyance, Telephone Etc.
the same expenses book under the head tour & travelling, Conveyance, Telephone.
2. Same as we bear the tour (Air fare & Hotel Exp.)expenses of our customer and book under tour & travelling, conveyance etc.
Is we are liable to pay FBT on that?
Pls adv. me
Regards,
Baljinder Singh
20 September 2008
Expenses booked under Traveling, Conveyance and telephone will get cover F B T no matter it has been reimbursed to the professional
20 September 2008
No FBT on expenses of professionals. Pl see Circular No.8/2005 dt 29/8/05 issued by CBDT (Answer to Q.No.13 in the said circular containing FAQs)
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
