09 February 2008
Is training expenses paid to external professionals and agencies to impart technical and personality development training to employees - when conducted OUTSIDE the company's premises - LIABLE UNDER FBT? IF SO GIVE DETAILS OF RELEVANT SECTION AND RATE APLLICABLE
09 February 2008
I feel it may fall under section-115WB(2)C This sec talks about conference. there is no particular kind of conference that is covered. Let us wait for experts opinion... the rate applicable is 20% of expense
11 February 2008
An expenditure on conferencce other than fees for participation by the employees in any conference, is liable to fbt on 20% of the value of such expenditure, vide clause (C)of sec 115WB(2)
CAclubindia
