Transport reimbursement to newly joined employee
This query is : Resolved
Jayesh Jagetiya
(Querist)
23 December 2008
We have reimbursed Rs. 15,000/- to a newly joined employee for the transportation of his furniture from Mumbai to Ahmedabad (Last company to joining location). Will this expenses be liable to FBT?
C A GROUP COACHING
(Expert)
23 December 2008
DEBIT IT TO TRANSPORT & PREPARE A VOUCHER ACCORDINGLY. FBT CAN BE SAVED.
CHANDRAKANT AMBANI
BOMBAY
9819408963 / 9821240674
CHANDRAKANT AMBANI
BOMBAY
9819408963 / 9821240674
Jayesh Jagetiya
(Querist)
24 December 2008
any other view?
SANDEEP AGGARWAL
(Expert)
24 December 2008
Since it is reimbursement to employee and it is tax free in the hand of employee. It is liable to FBT.
Regards,
Sandeep Aggarwal
Regards,
Sandeep Aggarwal
Jayesh Jagetiya
(Querist)
25 December 2008
in which section/head of FBT, it will come?
Dhirajlal Rambhia
(Expert)
23 June 2023
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