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Fringr Benefit Tax

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(Querist)
29 March 2009 A Bank Employee Cooperative society incurred 10-15 lacs on gift, refreshments etc its AGM of Members held every year. These members the customer of the socities also but no one is employee of the society.

Now My Query is whether the such expenses incurred is liable for the FBT ?

Since the essential condiation for applicability of FBT state that the employer - employee relation is prerequisit condition of the leavy of FBT.

If there is any ruling / judicial / depatmental pronouncement kindly also quote in your opinion.

It is on urgent basis.
Thankx & Regards
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
30 March 2009 i dont think fbt will apply still query is open for other experts
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
30 March 2009 i dont think fbt will apply still query is open for other experts
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
30 March 2009 i dont think fbt will apply still query is open for other experts
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Taranjit Singh

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Taranjit Singh (Expert)
05 April 2009 as you asked me some source via PM also, i m posting a link below, see the last discussed topic on that news link. You will get the answer to your query. https://www.capitalmarket.com/Cmedit/PrintStory.asp?SNO=162165&CoverageID=
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Taranjit Singh

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Taranjit Singh (Expert)
05 April 2009 as you asked me some source via PM also, i m posting a link below, see the last discussed topic on that news link. You will get the answer to your query. https://www.capitalmarket.com/Cmedit/PrintStory.asp?SNO=162165&CoverageID=
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