exps.on free tickets for employees' family member

abid (accountant) (169 Points)

22 November 2007  


gentlemen can u clerifie me if a software co. provide free tickets to the employees' including Directors  and there families whether it will be allowed as expenditure in P/L a/c if yes then it will attract FBT what will be the rate chargable to tax.

becaus u/s 115WB-(b) ----on any free or concessional tickets provided by the employer for private journeys of the employees and there family members will attract FBT and if it attract FBT then it must be an allowed expenditure.

Thanks & regards 

Abid hussain