14 May 2009
I have recd the invoices with description of consultancy charges for staff training. whther it attracts FBT or not. Staff training is not at place of business.I have deducted TDS as consultancy bill & also entered with tally as consltancy charges. My C.A. has advised that you have to charge FBT. the amount of invoices is very large. if it is not applicable it will loss of me for FBT. Pls. suggest me what to do.
14 May 2009
It does not attract FBT. Please ask your CA under which head and section he is looking for FBT provisions. Also clarify in details about the training provided to employees.