Is it liable for Fringe Benefit Tax (FBT)??
This query is : Resolved
09 May 2008
If a company reimburses the conveyance of the candidates called for the interview, which are recorded under Recruitment Expenses, then is it liable for FBT????
Please send me your opinion or if anyone can forward me the relevant section from the income tax act for this particular query.
Thanks
Please send me your opinion or if anyone can forward me the relevant section from the income tax act for this particular query.
Thanks
09 May 2008
For FBT there should be employer and employee relationship. In this case this relationship does not exist, so in my opinion FBT is not attracted.
You can see section 115WA, which states that FBT will be charged on expenditure incurred by employer over employees.
You can see section 115WA, which states that FBT will be charged on expenditure incurred by employer over employees.
09 May 2008
Agreed, But there are many exceptions also. N what if a candidate coming for interview is eventually selected(employed) then what is the treatment under FBT for the reimbursement of the conveyance.
13 May 2008
In my opinion, just by selecting in interview a person don't become employee. he will become the same when he will join the office officially and take charge of his duty.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
