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FRINGE BENEFIT TAX ON RELOCATION EXPENSES.

CA SAROJ KUMAR MOHANTY (Service) (27 Points)

20 June 2008

WHETHER FBT IS APPLICABLE TO RELOCATION EXPENSES ?

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6 Replies

Arun BR (Manager-Finance) (50 Points)
Replied 02 July 2008

Yes dear, it is applicable @ 20%

CA CS CIMA Prakash Somani (Landmark Group) (23512 Points)
Replied 03 July 2008

Dear Saroj,

Please explain your question in better way...Is it relocation of Business or Employee?

(Guest)

Whether FBT tax is applicable on prepaid amount or not. For Example Insurance paid Rs.10000/- out of which Rs.2000/- debited to PL and Rs.8000/- debited to Prepaid expenses, whether FBT is applicable on Rs.2000/- or Rs.10000/-?

(Guest)

Whether FBT is calculated on net travelling exp. or Gross exp.?

Narayan Varma (Article Assistant) (24 Points)
Replied 21 March 2009

Originally posted by :Guest
"	Whether FBT tax is applicable on prepaid amount or not. For Example Insurance paid Rs.10000/- out of which Rs.2000/- debited to PL and Rs.8000/- debited to Prepaid expenses, whether FBT is applicable on Rs.2000/- or Rs.10000/-?	"

Narayan Varma (Article Assistant) (24 Points)
Replied 21 March 2009

Originally posted by :Guest
"	Whether FBT tax is applicable on prepaid amount or not. For Example Insurance paid Rs.10000/- out of which Rs.2000/- debited to PL and Rs.8000/- debited to Prepaid expenses, whether FBT is applicable on Rs.2000/- or Rs.10000/-?	"