Special Allowance u/s 10(14) Vs. FBT
This query is : Resolved
26 May 2008
Whethar Allowance which are exempt under sec.10(14) on the bais of expenditure actually incurred attracts FBT??
As it is not taxable at all in any hand.
Regds/-
Anil Jain
As it is not taxable at all in any hand.
Regds/-
Anil Jain
26 May 2008
Fixed allowances exempt u/s 10(14) are not included for FBT purposes as welfare expenses
26 May 2008
Not fixed other than fixed as they are allowed on the basis of expenditure.
Daily allowance
Convenyance allowance
Transfer allowance
Uniform allowance
helper allowance
academiec / research allowance
Daily allowance
Convenyance allowance
Transfer allowance
Uniform allowance
helper allowance
academiec / research allowance
26 May 2008
YES.
FIXED ALLOWANCES EXEMPT UNDER SEC 10(14) ARE NOT INCLUDED AS EXP. TAXABLE FOR FBT PURPOSE.
R.V.RAO
FIXED ALLOWANCES EXEMPT UNDER SEC 10(14) ARE NOT INCLUDED AS EXP. TAXABLE FOR FBT PURPOSE.
R.V.RAO
26 May 2008
Thanks !
is Transport Allowance also exempt from FBT. even up to Rs. 800/-
Thanks !
is Transport Allowance also exempt from FBT. even up to Rs. 800/-
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