Rice(Plse) is given to worker,whether FBT is liable ? if yes, @ what rate ?
Jitender
(Chartered Accountant)
(8724 Points)
Replied 18 September 2008
it is staff welfare ,liable to fbt @ 20%.
RITIKA SAO
(Service)
(29 Points)
Replied 20 September 2008
1. whether insurance of motor car liable for FBT.
2. Whether Medical Insurance done by company for their staff liable for FBT.
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 20 September 2008
1.Yes
2.Yes
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 06 October 2008
1.yes
2.If it is the statutory liability of employer ( As per factory act if no of employee exceeds 500 then group insurance policy is compulsory) then FBT is not applicable to employer.
Kuldeep Maloo
(Audit Manager)
(90 Points)
Replied 19 November 2008
1. yes
2. if it is a statutory liablity then it is not charagble otherwise it is chargable u/s 115 wb 2 e
CAclubindia
