Staff welfare expenses

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Ratnamala (Querist)
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31 March 2008 I need the defination of Staff welfare expenses & which expenses can be considered as Staff Welfare Expenses?

Jitender

Jitender (Expert)
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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.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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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.

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K V Subba Rao

K V Subba Rao (Expert)
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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.

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
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31 March 2008 Any expenditure incurred for the welfare / benefit for the employee.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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31 March 2008 ALL ARE CORRECT

CA. Kirti S. Ganatra

CA. Kirti S. Ganatra (Expert)
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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

MANAS ROUT

MANAS ROUT (Expert)
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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.

CA Praveen Chopra

CA Praveen Chopra (Expert)
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31 March 2008 All are correct