FBT ON STIPENED
This query is : Resolved
19 August 2008
I am getting conveyance from CA FIRM as I am pursuing articleship and use to go on audit to and fro. so anyone will tell me that is that coveyance amt is liable for FBT in firm's hand.
If yes, Then
one more question arise that,is this employer employee relationship for charging FBT?
If yes, Then
one more question arise that,is this employer employee relationship for charging FBT?
19 August 2008
Hi,
conveyance paid to a articled student is liable for FBT.
Employer and employee relationship is one of the condition to qualify any expenditure subject to a FBT.
stipend is paid to remunerate for the services provided by him. Eihter salary or wages or remuneration etc., are all related to the same category. So the stipend paid to the articled clerk is not subject to FBT.
conveyance paid to a articled student is liable for FBT.
Employer and employee relationship is one of the condition to qualify any expenditure subject to a FBT.
stipend is paid to remunerate for the services provided by him. Eihter salary or wages or remuneration etc., are all related to the same category. So the stipend paid to the articled clerk is not subject to FBT.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
