FBT Tour & travelling

This query is : Resolved

Guest

Guest (Querist)

17 October 2008 Hi Experts

Whether travelling exp. is needs to be segragated in following heads covered by FBT or we can treat all the exp. as travelling and accordingly pay the FBT on that?

Food Exp. --> as Hospitality exp.
Hotel Stay --> as Hotel & lodging exp.

Thanks

Taxguy

Taxguy (Expert)
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17 October 2008 Separation is correct. But traveling is treated at 5% whereas others at 20%.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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17 October 2008 food exps ---20%
hotel stay ---20%
If it is tour and travel--- 5%
Pl decide accordingly.

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CA Anil Jain

CA Anil Jain (Expert)
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17 October 2008 moreover for accounting treatment it need to be segregated

Guest

Guest (Querist)

18 October 2008 So i have to pay FBT according to value derived as below;

food exps ---20%
hotel stay ---20%
If it is tour and travel--- 5%

??????

Thanks
Rohit

Guest

Guest (Querist)

22 October 2008 thanks