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Is the company is liable for FBT or not

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10 December 2008 an employment providing company when send any person for interview to any other company and it bears the conveyance and travelling expenses
Is the company is liable for FBT or not
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
10 December 2008 No, Only conveyance and travelling allowance and reimbursement to the employees will under the ambit of FBT. Remember you need open a separate account for expenses on which FBT is applicable and on which it is not applicable.
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