FBT on diwali expenses.
This query is : Resolved
16 June 2008
1,Previously in my company has accunted uniform allownaces in staffwelfare now in advertisement. can any one give answer that m i correct or not.
2,on ocasion of diwali company given gift to staff that is sweets,silver coin bedsheet etc. those are booked under staffwelfare but on view by auditor festivel . so, this correct or not on regards of company. Can any one give answer that can i booked under staffwelfare account.
2,on ocasion of diwali company given gift to staff that is sweets,silver coin bedsheet etc. those are booked under staffwelfare but on view by auditor festivel . so, this correct or not on regards of company. Can any one give answer that can i booked under staffwelfare account.
18 June 2008
Uniform Exps should be booked as Staff Welfare Exps n Uniform Exps Are not Liable to Tax
The Gifts given to Employees on ocassion of Diwali should be treated as Festival Exps
The Gifts given to Employees on ocassion of Diwali should be treated as Festival Exps
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