If a company allowed their employees for individual mobile connection having CUG facility & mobile company generate 1 bill for all employees which will deduct from the monthly salary of employees & employer will pay thru cheque to mobile company then in this system employer will be liable for pay FBT tax ?
19 January 2009
No FBT will be levied in above circumstances, As There is no expense on the employer's account. Employer is paying bills after deducting respective amount from every employees.
CAclubindia
