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FBT on Tour and Travel

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(Querist)
14 July 2007 Upto FY 2005-06 FBT was levied at 20% on total travelling expenses. However, from FY 2006-07 travel exp. has been broken into 3 parts. 1) Conveyance @ 20%, 2) Hotel, boarding & lodging @ 20%. 3) Tour & Travel @ 5%. My question is, what expense should be covered by tour and travel. Should it cover only fare or can it also be stretched to cover hotel, boarding and lodging exp. also.
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CA Nikita

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CA Nikita (Expert)
16 July 2007 Tour and travel should purely consists of fare since boarding n lodging are covered by a different clause G... Hope this clears your query...
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