31 March 2009
There is a co., hiring employees thru a manpower providing agency & claiming FBT ,from the principal employer, for making reimbursement of expeses to these employee. Is it correct as per accounting practices . If yes, then who will file FBT return for this type of expenditure, principal employer or manpower agency?
31 March 2009
If expenses are reimbursed by manpower agency to its employees and later on charged back to Company then Manpower agency is liable to pay FBT and same should form part of FBT Return of Manpower Agency.
CAclubindia
