03 March 2009
The Company is paying medical allowance to its employees and calculates FBT on Rs. 15,000 per employee only for those who's salary is liable for tax. For employees who's salary is not liable to tax company is not paying FBT on medial allowance upto Rs. 15,000. Is it correct?
03 March 2009
Builder has paid compensasation on surrender of flat by the flat purchaser wheather tds deducted on compensasation amount under which head
03 March 2009
FBT not concerned with the category of taxability of employee. FBT is liable on medical allowance for all employees if below 15000/- per employee.
CAclubindia
