Can anybody throw light on the expenses incurred for employees training while conducting a conference, relevant for the purposes of levy of FBT?
Sourav..
Sourav Modi (Learner!) (306 Points)
12 February 2009Can anybody throw light on the expenses incurred for employees training while conducting a conference, relevant for the purposes of levy of FBT?
Sourav..
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14487 Points)
Replied 12 February 2009
Whether expenditure in the nature of fee for participation by the employees in any conference is liable to FBT?
In terms of the provisions of clause (C) of sub-section (2) of section 115WB, expenditure in the nature of fee for participation by the employees in any conference is not liable to FBT. However, if the participation fee includes any expenditure of the nature referred to in clauses (A), (B), and (D) to (P) of sub-section (2) of section 115WB, such expenditure will be liable to FBT.
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