the above all are exemption given from salaries. but on that expenditure FBT effected or not ? the above exemption given after submission of bills or not
15 February 2008
1-Uniform allowance provision of uniform, safety equipments,safety wares,shall not be liable to fbt where it is prvided under statutory obligation. Q.74 of the circular 2-reimbursment of expenditure on books and periodicals shall be liable to fbt as ans to Q.75 3-Club and Food expences are liable to fbt vide clause (N) of s.115WB(2) 4-interest free loan is not liable to fbt it is liable u/s 17 as perqusit
CAclubindia
