FBT ON TRAINING
This query is : Resolved
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
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
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
(Expert)
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)
of the value of such expenditure, vide clause (C)of sec 115WB(2)
Praveen Babu
(Expert)
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
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
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
