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Special Allowance u/s 10(14) Vs. FBT

This query is : Resolved 
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(Querist)
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
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 May 2008 Fixed allowances exempt u/s 10(14) are not included for FBT purposes as welfare expenses
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CA Anil Jain

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CA Anil Jain (Querist)
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
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R.V.RAO

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R.V.RAO (Expert)
26 May 2008 YES.
FIXED ALLOWANCES EXEMPT UNDER SEC 10(14) ARE NOT INCLUDED AS EXP. TAXABLE FOR FBT PURPOSE.
R.V.RAO
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CA Anil Jain

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CA Anil Jain (Querist)
26 May 2008
Thanks !


is Transport Allowance also exempt from FBT. even up to Rs. 800/-
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