Dear Sir,
I want to know that if any amount in shape of T.A./D.A. (Daily Allowance) (for other than Boarding & Lodging Expenses) given to employee travelling for Official Work is chargeable to F.B.T. or not.
Dear Sir,
I want to know that if any amount in shape of T.A./D.A. (Daily Allowance) (for other than Boarding & Lodging Expenses) given to employee travelling for Official Work is chargeable to F.B.T. or not.
The fixed TA/DA is subject to FBT.
iam working as accountant in ivoice networks pvt ltd iwant details abount sec 80c,80cc
yes FBT is applicable
Mr. S.Srinivasaraghavan
Sir, Will you please elaborate your above reply?
Thanks
Travelling is an FBT item attracting 5% cent FBT and Dearness Allowane is also subject ot FBT.
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