Can anybody throw light on the expenses incurred for employees training while conducting a conference, relevant for the purposes of levy of FBT?
Sourav..
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Employee training expenses(FBT)
Replies (2)
Whether expenditure in the nature of fee for participation by the employees in any conference is liable to FBT?
In terms of the provisions of clause (C) of sub-section (2) of section 115WB, expenditure in the nature of fee for participation by the employees in any conference is not liable to FBT. However, if the participation fee includes any expenditure of the nature referred to in clauses (A), (B), and (D) to (P) of sub-section (2) of section 115WB, such expenditure will be liable to FBT.
thanks for the reply!
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