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Fringe benefit tax

This query is : Resolved 
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(Querist)
22 July 2008 Any gifts given on the occasion of a festival (say for eg. Diwali) will be treated under "gifts" or "festival expenses" for the purpose of FBT?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
22 July 2008 It will be treated as a gift. It is immaterial whether the same is being given on the occasion of some festival or not. Also, expenses incurred otherwise then gifts to celeberate the festival are covered under the head of festival expenses for the purpose of FBT.
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nikunj

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nikunj (Expert)
22 July 2008 It will just treated as Gift
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
30 September 2008 It is under FBT
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