Dear All,
What percentage of total travelling expense(Ticket Charges + Lodging & Boarding) is chargeable for F.B.T. for A.Y. 2009-10?
Shitanshu
4 Replies
DHANANJAY R
(Service)
(178 Points)
Replied 11 June 2008
For the travelling FBT % is 5% ( Including foreign travel) whereas in case of Boarding and lodging, it comes under clause G of section 115WB, hence it attracts 20% FBT.
However if the assesse is engaged in the business of manufacture or production of software or engaged in the business of carriage of passengers or goods by aircarft etc... the rate of chargability is 5%.
Recent Topics
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
Related Threads
CAclubindia
