banner_ad

FBT query

Others 1280 views 4 replies
User Avatar

O P Singh & Co.
426 Points Posted on 12 February 2008

Dear All

i want to confirm whether fbt is to be calculated on total fare of Air( Including air fare and taxes) .

 

3 Reply Share Follow
On 12 February 2008 at 09:15 Report
Replies (4)
User Avatar

Article
96 Points Posted on 27 February 2008
YES, Section 115WC(1)(a) provides for valuation of fringe benefits referred to in section 115WB(1)(b), at cost at which such benefits is provided by the employer to the general public. so FBT is calculated on total Air fare(Including air fare & taxes)
2 Reply
On 27 February 2008 at 16:23
User Avatar

Chartered Accountant
696 Points Posted on 27 February 2008
Yes, FBT is levied @ specified % of the Total Value of Benefits provided to the Employee.
Reply
On 27 February 2008 at 17:14
User Avatar

C A
7080 Points Posted on 28 February 2008
on total fare
4 Reply
On 28 February 2008 at 11:43
User Avatar

Service
1461 Points Posted on 28 February 2008
Yes on total payment. Same priciple to be follwed in case of TDS for tds related payments
Reply
On 28 February 2008 at 14:06


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details