FBT on Fixed Allowances
This query is : Resolved
24 September 2008
My Client has been Paying Fixed Allowances to their employees as Conveyance,Mobile & Fooding.Whether it will attract FBT Liability?if it than guide it.
24 September 2008
If your client considers the allowance as part of the salary and hence subjects them to tax then FBT is not applicable.
Guest
Guest
(Expert)
24 September 2008
The said fixed allowances does not attact the provisions of the FBT.
24 September 2008
If they are form part of salary no FBT. Otherwise FBT will attract.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- 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
Trending Online Classes
CAclubindia
