Hi
Printing of Diary's for Employees & Outsiders for that FBT applicable or not..........
Give if there is any case laws for that...............
Menu
FBT Attracts or Not
Replies (6)
Case of Printing of diaries is covered under 115 WB (2)(D) of the IT act i.e. sales promotion, so the same is liable to FBT
If there is any logo, name, etc. of the company on the diaries then it is not liable to FBT as it becomes advertisement. But if there is no name or logo of the company on the diaries then it is liable to FBT.
The diaries are for the employees or outsiders, it is irrelevant for the purpose of FBT.
FBT applicable u/s 115 WB (2)(D).
agreed
FBT will be applicable under the head sales promotion
Recent Topics :
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
Related Topics :
CAclubindia
