Easy Office
LCI Learning

FBT on Fixed Allowances

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 September 2008 My Client has been Paying Fixed Allowances to their employees as Conveyance,Mobile & Fooding.Whether it will attract FBT Liability?if it than guide it.
Profile Image

CA E.A.Ravikumar

Profile Image

CA E.A.Ravikumar (Expert)
24 September 2008 If your client considers the allowance as part of the salary and hence subjects them to tax then FBT is not applicable.
Profile Image

Guest

Profile Image

Guest (Expert)
24 September 2008 The said fixed allowances does not attact the provisions of the FBT.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
24 September 2008 If they are form part of salary no FBT. Otherwise FBT will attract.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links