FBT on Coupons Reimbursements
This query is : Resolved
24 September 2008
coupon reimbursement to mechanics & dealers is liable under FBT or not?
This coupon under various denominations with aim of increasing product sales.
Support your answer with documentary evidence.
thanks
Amit
This coupon under various denominations with aim of increasing product sales.
Support your answer with documentary evidence.
thanks
Amit
24 September 2008
this is not liable to fbt.
u can refer FAQ on fbt in this regard.
u can refer FAQ on fbt in this regard.
24 September 2008
Jitender,
i am unable to get it. pls give me some link.
i am unable to get it. pls give me some link.
24 September 2008
Only the coupons given to employees, which are usable only at eating joits n not transferable are exempt from FBT. Coupons given to dealers are in the nature of SALES PROMOTION & liable to FBT.
24 September 2008
refer Sec 115WB(2)(B) - Expenditure on pre paid food vouchers and used only at eating joints or outlets - paid vouchers which are not trasferable. - NOT liable for FBT
25 September 2008
Dear Ravikumar
Your reply pertains to Food Coupon whereas my query relates to coupon given to (as cash) Distributors/Mechanics.
The system is this coupon wil be attached with our products. Once its reached the distributors/mechanics, they will detach and encash from us.
Amit
Your reply pertains to Food Coupon whereas my query relates to coupon given to (as cash) Distributors/Mechanics.
The system is this coupon wil be attached with our products. Once its reached the distributors/mechanics, they will detach and encash from us.
Amit
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