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/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Experts need help
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
