Menu
FBT
for valution of FBT shall I deduct the amount recovered from employees from total amount of benefit provided?
Replies (4)
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. | " |
Recent Topics :
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
Related Topics :
CAclubindia
