Staff welfare expenses
This query is : Resolved
31 March 2008
I need the defination of Staff welfare expenses & which expenses can be considered as Staff Welfare Expenses?
31 March 2008
it is wide term but u can debit all the exp. which are for the welfare of employees & can't be taken to any other specific head.
31 March 2008
There are no any definition for such type of expenses but we can easily assess the same.
Any expenditure for the benefit of employees apart from their salary is commonly known as staff welfare expenses.
Any expenditure for the benefit of employees apart from their salary is commonly known as staff welfare expenses.
Message likes :
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31 March 2008
Pl refer any text book or study material for Fringe Benefit Tax (FBT)
Sec 115WB(2)(E)relates to Employees' Welfare Expenses
Regulate your accountal keeping the FBT provisions in view.
Sec 115WB(2)(E)relates to Employees' Welfare Expenses
Regulate your accountal keeping the FBT provisions in view.
31 March 2008
Any expenditure incurred for the welfare / benefit for the employee.
31 March 2008
ALL ARE CORRECT
31 March 2008
Any expense which relates to welfare of staff or for banefit of staff including refreshment which could not be shown as any other head like salary should be Dr. to Staff Welfare Expenses
31 March 2008
the expenditure which you are inurring for providing any benefit or facility to perform their official duties, for refreshment are generally under this head
for more go through the guidance note of FBT issued by ICAI.
for more go through the guidance note of FBT issued by ICAI.
31 March 2008
All are correct
01 April 2008
Yes,u may refer to the guidance note on FBT issued by ICAI as is also suggested by Mr.Biswabhushan above.
Regards
Prasad.R
Regards
Prasad.R
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