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FBT

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33 Points Posted on 27 September 2007

Whether conveyance exp reimbersed to the employees in respect of Two wheelers attracts FBT.

Note: The exp were towards visiting branch office & other day to day office work.

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On 27 September 2007 at 20:22 Report
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Consultant
18525 Points Posted on 27 September 2007
Conveyance will attract FBT . But Two wheller maintenance and depreciation will not come under FBT net.
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On 27 September 2007 at 20:47
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TaXpert
15126 Points Posted on 28 September 2007
FBT is applicable only on CAR/ Aircraft repair & maintenance in the category of vehicles therfore 2wheeler vehicle is out of the provisions of FBT
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On 28 September 2007 at 10:21
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SERVICE
315 Points Posted on 28 September 2007
The basic nature of expenses that Mr. sanathkumar is referring to is conveyance, hence FBT would apply u/s 115WB(2)(F)- Conveyance. However expenses incurred on Repairs and maintenance of 2 wheeler is outside the purview of FBT.
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On 28 September 2007 at 10:46


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