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FBT

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(Querist)
07 May 2009 Dear all,
Whether reimbursement of vehicle expense & periodical expenses are liable to FBT ?
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
07 May 2009 1. FBT IS APPLICABLE ON VEHICLE EXP
2.PERIODICAL (NEWSPAPER)IS EXCLUDED
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 May 2009 If the reimbursement is on account of motor car repair running and maintenance expenses, FBT attracts as per section 115WB(2)(H)of The Finance Act,1994.
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