Fringe Benefit Tax
This query is : Resolved
31 July 2007
Hello,
I want to know that whether out of pocket expenses of auditors are liable for FBT
I want to know that whether out of pocket expenses of auditors are liable for FBT
31 July 2007
NO FBT will be applicable due to lack of employer - employee relationship.
02 August 2007
Hi Ashutosh,
You have to tell whether It's in the hands of client or auditor?
Then correct answer will come.
You have to tell whether It's in the hands of client or auditor?
Then correct answer will come.
05 August 2007
Hello!!
If the company pays such expenditue the co will be liable to FBT... but if these are in nature of reimbursement to auditors n form part of professional fees... then they are not liable to FBT...
If the company pays such expenditue the co will be liable to FBT... but if these are in nature of reimbursement to auditors n form part of professional fees... then they are not liable to FBT...
06 August 2007
In client's hand, It's not taxable.
But,
If the audit firm is Partner ship firm(Not Proprietorship), Auditor have to pay FBT as per the clauses applicable.
But,
If the audit firm is Partner ship firm(Not Proprietorship), Auditor have to pay FBT as per the clauses applicable.
08 August 2007
hello!!
I guess the query has being well answered by the experts..
I guess the query has being well answered by the experts..
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Under construction property in ITR
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Not able to file ITR
- Building tax payment deduction in rental Income
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
