FRINGE BENEFIT TAX
This query is : Resolved
02 July 2008
I have following two questions regarding applicability of fringe benefit tax on the following expenditure
1.Reimbursement of reloction expenses incurred by the employees at the time of transfer to different cities for the purpose of employment.
2.Travelling Expenses paid to directors
1.Reimbursement of reloction expenses incurred by the employees at the time of transfer to different cities for the purpose of employment.
2.Travelling Expenses paid to directors
02 July 2008
Dear Sudipta
In both cases, FBT is applicable under Tour and Travel. Travelling of Director for Official purpose is liable to FBT whether Director is an employee or not.
Further As per sec 115WB(1a) any previlege, service, facility or amenity ....whether by awy of reim. or otherwise shall be fringe benefit.
I think you are clear now.
In both cases, FBT is applicable under Tour and Travel. Travelling of Director for Official purpose is liable to FBT whether Director is an employee or not.
Further As per sec 115WB(1a) any previlege, service, facility or amenity ....whether by awy of reim. or otherwise shall be fringe benefit.
I think you are clear now.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
