Dear Sir,
I want to know that if any amount in shape of T.A./D.A. (Daily Allowance) (for other than Boarding & Lodging Expenses) given to employee travelling for Official Work is chargeable to F.B.T. or not.
5 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 18 September 2008
The fixed TA/DA is subject to FBT.
venkat
(accountant)
(24 Points)
Replied 18 September 2008
iam working as accountant in ivoice networks pvt ltd iwant details abount sec 80c,80cc
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 28 September 2008
yes FBT is applicable
CA. O.P. Agarwalla
(C.A.)
(2916 Points)
Replied 29 September 2008
Taxguy
(Consultant)
(3383 Points)
Replied 01 October 2008
Travelling is an FBT item attracting 5% cent FBT and Dearness Allowane is also subject ot FBT.
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