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FBT on dewali gift

Others 1580 views 2 replies

Vk Duggal

320 Points Posted on 10 May 2007

Dewali gifts will be liable to FBT but what % of gift is to be considered for FBT purpose.

If Dewali gifts are given to clients and employees what will be %

Replies (2)

Som

112 Points Posted on 10 May 2007

ALL THE GIFTS WHETHER ON DIWALI OR ANY OTHER ARE LIABLE TO FBT. GIFTS TO EMPLOYEES AND OTHERS ARE ALSO CONSIDERED AS SAME

Raginee

28 Points Posted on 10 May 2007

@ 30% plus surcharge pls cess on 50% of expenditure incurred on gifts for whatever occassion o whoever person gift is given.

This is the sarcasm in FBT. It is for employee benefit but it does not even discriminate between gift to client or to employe or to any other person

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