fringe benefit tax
This query is : Resolved
29 April 2009
In a manufacturing industry, Employees are provided refreshment (tea and snacks) during mfg process. These exps are debited to staff welfare account. Are these exps liable for FBT? It not, then what type of expenses are covered under the head employees welfare exps. for the purpose of FBT.
2 A director uses its own car for the company. The petrol exps of the same are charged to Travelling /conveyance exps in P & l a/c of the co. Are these exps liable for FBT?
3 Whehter FBT is to be paid on Advertisement.
Please clear the above queries.
2 A director uses its own car for the company. The petrol exps of the same are charged to Travelling /conveyance exps in P & l a/c of the co. Are these exps liable for FBT?
3 Whehter FBT is to be paid on Advertisement.
Please clear the above queries.
29 April 2009
1. This provision comes under the Provision for Hospitality (115WB(2)(B). However you don't need to pay FBT on this. But if you will post it under the head staff welfare then it will attract FBT. So please change the Account Head. For staff welfare Please section 115WB(2)(E).
29 April 2009
2. This expense will come under the head "Repair, running and Maintt. of Car" and it will attract FBT.
29 April 2009
Thanx for the ans.
Please reply for the other part also
Please reply for the other part also
29 April 2009
thanks a lot
29 April 2009
3. Only the points mentioned under the head "Sales promotion 15WB(2)(D)" for advertisement attracts FBT. Not the entire expenditure on advertisement.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- Scrutiny assessments u/s 143(2) for AY 25-26
- Regarding IMS Mandatory from 1st July 2026
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- One Post a Week Done Right Beats Seven Done Wrong
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- LTCG on switch of units
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
