From the Assessment year 2009 - 10, Guest house accommadation expenses are excluded from FBT. I want to know what are all the expenses covered under "Guest House Accommadation". Whether expenses incurred for guest towards food and other related expenses are covered under guest house accommadation.
All the expenditure on maintenance of guest house shall be covered under this head. However, depreciation on guest house accomodation shall not be covered by this head.
As far as the question of provision of food is concerned, it will be covered under this head. Refer Q-94 of Circular 8/2005.
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