FBT on Table, Mattress etc purchased for Staff Quarter
This query is : Resolved
26 February 2009
is FBT is applicable under staff welfare on exp of purchase of Tables, Mattress, Pillow etc provided on Staff quarter
and also what effect come if we show this expense in Fixed assets or in revenvu exp.
is there any differenc on FBT in above both situation
and also what effect come if we show this expense in Fixed assets or in revenvu exp.
is there any differenc on FBT in above both situation
26 February 2009
The above expenditure will attract for FBT.
If you show under revenue expenses then treat it as staff welfare and apply the percentage for FBT.
If you treat it as asset then every year On deprectiation charged by you, you have to apply the percentage of FBT for staff welfare and has to pay on the same.
If you show under revenue expenses then treat it as staff welfare and apply the percentage for FBT.
If you treat it as asset then every year On deprectiation charged by you, you have to apply the percentage of FBT for staff welfare and has to pay on the same.
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
- Fixe term employment
- Is any professional CA is here please reply
- Experts need help
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
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
