FBT on reimbursement of medical expenses
This query is : Resolved
12 August 2008
Reimbursement of medical expenditure upto Rs 15000/- is not treated as prequisite hence it is not not included in employee;s income , hence not chargeable to tax.
is this amount covered under FBT. Is company liable to pay FBT on the same.
is this amount covered under FBT. Is company liable to pay FBT on the same.
12 August 2008
89
12 August 2008
yes you will pay the same
12 August 2008
Yes Hemant is right. Company have to pay FBT on medical reimbursement upto 15000/- as the same is exempt in the hands of the employees. But over & above that limit it will be taxable in the hands of employees so there is no question of FBT over & above 15000/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
