FBT EXPENSES
This query is : Resolved
03 September 2008
if a company pay some additional amount to there labours as bonus on the occation of any festival (say Durgotsav, holi etc.)over there additional wages, is this expenditure came under staff welfare and taxed FBT u/s 115WB(2)(E) or it is treated as festival celebration expenses and taxed FBT u/s 115WB(2)(l)
04 September 2008
The bonus has to be included in the salary of the employees and therefore the question of FBT thereon does not arise.
04 September 2008
Bonus is not taxed under FBT
04 September 2008
thanks
but i am deal about labous, they are not salaried employee, they are workers and we pay wages for there work, if they have no PAN or not submit return to I.T.O. then?
but i am deal about labous, they are not salaried employee, they are workers and we pay wages for there work, if they have no PAN or not submit return to I.T.O. then?
04 September 2008
As Mr. Raghavan has stated bonus is part of remuneration payable to an employee and it should be classified under salary. Hence the question of FBT does not arise.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
