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FBT on dewali gift

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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 %
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On 10 May 2007 at 16:20 Report
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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
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On 10 May 2007 at 16:20
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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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On 10 May 2007 at 16:20


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