FBT

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for valution of FBT shall I deduct the amount recovered from employees from total amount of benefit provided?

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4 Replies

CA Shree Jain (Chartered Accountant) (1572 Points)
Replied 02 December 2008

Yes u can deduct recovered amount from the total amount

Manishsays (25 Points)
Replied 02 December 2008

Originally posted by :Lavanya Daggupati
"	for valution of FBT shall I deduct the amount recovered from employees from total amount of benefit provided?	"

Rajkumar Nallah (Analyst) (56 Points)
Replied 02 December 2008

Originally posted by :Lavanya Daggupati
"	The arrangement is between Employer and Employee, since the payment of FBT by employer is not an allowable expenditure for computation of income , employers pass the risk to employees. However, the Employee can take the benefit of such deduction of FBT in valuation of Perquisites.	"