WHETHER FBT IS APPLICABLE TO RELOCATION EXPENSES ?
Menu
FRINGE BENEFIT TAX ON RELOCATION EXPENSES.
Replies (6)
Yes dear, it is applicable @ 20%
Dear Saroj,
Please explain your question in better way...Is it relocation of Business or Employee?
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/-?
Whether FBT is calculated on net travelling exp. or Gross exp.?
| 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/-? | " |
| 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/-? | " |
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
