Sirs,
To reduce the Tax burden of the employee, some companies providing Meals coupen to their employees. for example Rs.2000/- per month. Whether it comes under FBT?
Sirs,
To reduce the Tax burden of the employee, some companies providing Meals coupen to their employees. for example Rs.2000/- per month. Whether it comes under FBT?
| Originally posted by :L KANAGARAJ | ||
| " | Sirs, To reduce the Tax burden of the employee, some companies providing Meals coupen to their employees. for example Rs.2000/- per month. Whether it comes under FBT? |
" |
Not covered under FBT
not coverded under fbt
but it shuold be
Any expenditure on or through electronic meal card is not included in Provisions of Hospitality u/s.115WB(2)(B) and thereby not liable for FBT provided, such meal card should not be transferable, should be usable only at eating joints or outlets and it satisfies such other conditions, as may be prescribed.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
