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FBT

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(Querist)
18 April 2009 Can we charge FBT on LTC Bill?
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
18 April 2009 No, the LTC is taxable in the hands of Employee. And its a part of salary. Not taxable in FBT.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
19 April 2009 Conveyance facilities does not include LTC. It is taxable in the hands of employee in excess of exempted u/s 10(5)

SO no FBT
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