salary
This query is : Resolved
29 January 2009
if fbt apply upon employer & employer reimbursed the club bill to employee what will be the tretment with respect to taxable salary wether taxable or not with reson?
29 January 2009
Since the employer is re-imburing the bill of employee, it will be treated as expenses in the books of employer and therby he have to pay fbt.
In the hands of the employee since it is an re-imbursement and fbt has been paid by his employer the re-imbursement is not taxable.
In the hands of the employee since it is an re-imbursement and fbt has been paid by his employer the re-imbursement is not taxable.
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