15 March 2008
The organization is a Partnership Firm – Contract Business Varies locations
A) The firm provided cell phones to their Employees and paid telephone charges also. The total Telephone connections are on the name of Firm and bills also generated on the Firm Name.
1) Is it applicable FBT?
2) The Firm Head office used Telephone charges is applicable FBT?
B) The firm provided Vehicles to their Employees
1) if the maintenance (including fuel, Driver) provide by the Firm is applicable FBT 2) if the Vehicles used by Managing Partner/Director, maintenance (including fuel, Driver) provide by the Firm is applicable FBT?
C) The Firm Used Vehicles
1) the Vehicles used by Firm towards Execution of Work (veh. Like Lorry, trippers, mobiles, heavy goods vehicles, Cars for Gests)
in the all above cases Depreciation is Applicable for FBT? Pl. explain
D) the firm Provide the Traveling (from one site to another site)and food( at work site) expenditure to Labours is it applicable FBT? If the Flight ticket provide to Mg. Partner/Director for official work is applicable FBT?
CAclubindia
