Sadiq Hussain (CA-Final 2nd group cleared Senior Tax Executive-GES) (92 Points)
04 July 2008Dear friends,
Does daily or weekly or monthly pooja expenses incurred at office other than incurred during
festival celebrations are liable for FBT?
Regards,
Sadiq Hussain
Article Assistant
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 04 July 2008
115WB(2) is so wide to include this kind of expenditure.
Ajay Kumar Sana
(CA & CS)
(43 Points)
Replied 04 July 2008
Pooja Exps are regular office exps...and no FBT is applicable.
Rohit Agarwal
(AGM (Accounts))
(269 Points)
Replied 04 July 2008
no tds is not atrracted towards daily pooja expenses. however, festive celebration like diwali, holi, id, etc. would attract fbt
S.P.Mahanta
(Internal Auditor)
(647 Points)
Replied 04 July 2008
Daily pooja expenses can be treated as office expenses. However, management contribution for celebration of Durga Pooja/ Diwali/ Id/ etc shall attract FBT since such expenses are for general welfare of the employees.
CA Rajesh S
(Chartered Accountant)
(1581 Points)
Replied 04 July 2008
FBT provisions talk about only expenses relating to festival celebrations and not daily pooja exps
Sadiq Hussain
(CA-Final 2nd group cleared Senior Tax Executive-GES)
(92 Points)
Replied 04 July 2008
Dear friend,
Section 115WB(2) doesnot talk about pooja expenses.Section being wide we simply cant include expenses under FBT perview.Any how thanks for ur sharing.
Sadiq Hussain
(CA-Final 2nd group cleared Senior Tax Executive-GES)
(92 Points)
Replied 04 July 2008
Dear friends,
Thanks for your sharing of answers.This being my first question on caclubindia i am very happy for quick replies.
.
nikhilesh
(article)
(20 Points)
Replied 04 July 2008
its better to charge whole of pooja exps to fbt rather than only including pooja exps during festivals which is a conservative approach.
though sec115WB only talks about charging fbt on pooja during festivals.
this is because it may also be classified as staff welfare exp
shankar
(student)
(97 Points)
Replied 11 July 2008
| Originally posted by :S.P.Mahanta | ||
| " | Daily pooja expenses can be treated as office expenses. However, management contribution for celebration of Durga Pooja/ Diwali/ Id/ etc shall attract FBT since such expenses are for general welfare of the employees. | " |
Dear mahata,
Thanks for giving the clarifications.
Shankar.
ca surendra reddy
(employee)
(31 Points)
Replied 27 August 2008
specify the list of expenditure for FBT
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