Fringe Benefit Tax
This query is : Resolved
31 July 2007
Hello,
I want to know that whether out of pocket expenses of auditors are liable for FBT
I want to know that whether out of pocket expenses of auditors are liable for FBT
31 July 2007
NO FBT will be applicable due to lack of employer - employee relationship.
02 August 2007
Hi Ashutosh,
You have to tell whether It's in the hands of client or auditor?
Then correct answer will come.
You have to tell whether It's in the hands of client or auditor?
Then correct answer will come.
05 August 2007
Hello!!
If the company pays such expenditue the co will be liable to FBT... but if these are in nature of reimbursement to auditors n form part of professional fees... then they are not liable to FBT...
If the company pays such expenditue the co will be liable to FBT... but if these are in nature of reimbursement to auditors n form part of professional fees... then they are not liable to FBT...
06 August 2007
In client's hand, It's not taxable.
But,
If the audit firm is Partner ship firm(Not Proprietorship), Auditor have to pay FBT as per the clauses applicable.
But,
If the audit firm is Partner ship firm(Not Proprietorship), Auditor have to pay FBT as per the clauses applicable.
08 August 2007
hello!!
I guess the query has being well answered by the experts..
I guess the query has being well answered by the experts..
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