FBT on Superannuation Contribution U/S 115WB
This query is : Resolved
Sanjeev Kumar Varshney
(Querist)
05 September 2007
Please confirm whether contribution over & above Rs 1 Lacs for each employee is liable to FBT or entire contibution ?
Suppose contribution of one employee is rs 1.25 Lacs then whether Rs 0.25 Lacs is liable to FBT or Rs 1.25 Lacs ?
Suppose contribution of one employee is rs 1.25 Lacs then whether Rs 0.25 Lacs is liable to FBT or Rs 1.25 Lacs ?
05 September 2007
Amount over and above - Rs.1,00,000.00
i.e. Rs.25,000
Reference - Guidance note on audit of FB released by ICAI.
i.e. Rs.25,000
Reference - Guidance note on audit of FB released by ICAI.
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