TDS & FBT
This query is : Resolved
19 January 2009
Respected Sir,
If a company arranges the purchase of staff refresements like bislery, biscuits, etc from a local stores shop who offers free delivery and charges for the purchases via monthly invoices, which do not have service tax for such arrangement, Is the purchase liable to FBT and is TDS deductible u/s 194C.
(the pymts do excceed the minimum level of Rs. 50000/-)
Thanks and regards.
If a company arranges the purchase of staff refresements like bislery, biscuits, etc from a local stores shop who offers free delivery and charges for the purchases via monthly invoices, which do not have service tax for such arrangement, Is the purchase liable to FBT and is TDS deductible u/s 194C.
(the pymts do excceed the minimum level of Rs. 50000/-)
Thanks and regards.
CA.ViVeK M ACA
(Expert)
20 January 2009
Any thing an employer pays to the employee in the course of such aqmount would attract FBT, it would fall within provision of hospitality in FBT and No tds would be applicable.
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