Fringe benefit tax
This query is : Resolved
CA Ysil Karunai
(Querist)
13 December 2008
If foreign company has a Permanent Establishment (P.E.) in India and it incurs expenditure outside India, which is cliamed as a deduction in computing the income of the P.E. in India,whether FBT would be payable on the expenses incurred outside India?
CA Tilak Raj Sharma
(Expert)
13 December 2008
Yes, if the company has employee based in india and these expenses are covered by FBT.
CA Tilak Raj Sharma
(Expert)
13 December 2008
Yes, if the company has employee based in india and these expenses are covered by FBT.
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