Fringe benefit
This query is : Resolved
14 March 2009
My client, a partnership firm is having a branch in Dubai with 5 employees (some sent from india and some hired from dubai). the branch in dubai incurs expenses like local conveyance, entertainment, travelling, sales promotion.
do the firm has to pay fringe benefit tax on expenses incurred in dubai.
do the firm has to pay fringe benefit tax on expenses incurred in dubai.
14 March 2009
if it maintains separate books of accounts for India and its foreign branch than FBT is applicable to expenses of only indian operations.
and if no separate books than FBT is paid on proportionate amount of global expenditure bifurcated between no. of employees in india and ourside india.
refer circular no. 8/2005.
and if no separate books than FBT is paid on proportionate amount of global expenditure bifurcated between no. of employees in india and ourside india.
refer circular no. 8/2005.
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