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Sodhexo passes -FBT applicablity

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(Querist)
09 June 2009 Is FBT applicable on Sodhexo Passes issued by company?
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chetan soni

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chetan soni (Expert)
09 June 2009 if this is meal passes then there is no FBT.
If this is gift passes then FBT will be applicable on that. Also note the in case amount exceeding Rs. 5K then income tax is also applicable.
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CA Devin

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CA Devin (Expert)
09 June 2009 Agree with Chetan...
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