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FBT

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(Querist)
18 March 2009 Are books and Periodicals covered under FBT? If yes under what head? If no why?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
18 March 2009 not covered
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
18 March 2009 if reimbursement is made to employees than it will be covered under the head employees welfare of FBT sec 115WB(2)(E).

expense of books will be deductible in PGBP but FBT is not deductible.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
18 March 2009 Agreed with the above views

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