Yes u can deduct recovered amount from the total amount
| Originally posted by :Lavanya Daggupati | ||
| " | for valution of FBT shall I deduct the amount recovered from employees from total amount of benefit provided? | " |
| Originally posted by :Lavanya Daggupati | ||
| " | The arrangement is between Employer and Employee, since the payment of FBT by employer is not an allowable expenditure for computation of income , employers pass the risk to employees. However, the Employee can take the benefit of such deduction of FBT in valuation of Perquisites. | " |
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