A company hires and pays Hall hire charges to the hall owner on every 4th saturday of every month. THe hall is hired for the purpose of get-together of the employees of the company. Also the company provides food lunch/snacks etc to the employees at the hall.
The expenses on food is liable to FBT as the same is provided outside the office premises.
Now my query is:
Whehter the rent paid for hiring of hall for get t-ogether of the employees of the company is also liable to FBT? If yes ,why ?
Logical replies are expected from esteemed members.
Thanks.
CAclubindia
