FBT ON TRAINING

This query is : Resolved

Samir (Querist)
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09 February 2008 Is training expenses paid to external professionals and agencies to impart technical and personality development training to employees - when conducted OUTSIDE the company's premises - LIABLE UNDER FBT? IF SO GIVE DETAILS OF RELEVANT SECTION AND RATE APLLICABLE

girish

girish (Expert)
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09 February 2008 I feel it may fall under section-115WB(2)C
This sec talks about conference. there is no particular kind of conference that is covered.
Let us wait for experts opinion...
the rate applicable is 20% of expense

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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11 February 2008 An expenditure on conferencce other than fees for participation by the employees in any conference, is liable to fbt on 20%
of the value of such expenditure, vide clause (C)of sec 115WB(2)

Praveen Babu

Praveen Babu (Expert)
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12 February 2008 yes on the basis

if it is conducted by the outside agency where the company employees have participated by paying applicable fees then it is not covered under fbt