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FBT related

This query is : Resolved 

08 January 2009 Whether FBT is applicable to a company where there are no employees(i.e employee are on deputation basis) but employee related expenses are debited in Profit & Loss A/c eg. Travelling exp,Employee welfare exp.

Thanks,
Kruti.

08 January 2009 fbT is charged on the expenses only when there are employees based in india....if there are employees whether temporay or permanent then all the expenses on them shall be chargeable to fbt....

as per your query the employees are on deputation basis. that means there are employees of a company but on deputation basis...since the company is booking expense in their books.it will be chargeable to tax...


i hope your query must have resolved.

any query just write to me...


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