Hi everyone,
Is it required to pay FBT in respect of the benefits provided to those employees who don't fall under the tax slab?
Thanks.
Bhavadharani (Final student) (168 Points)
21 August 2008
Hi everyone,
Is it required to pay FBT in respect of the benefits provided to those employees who don't fall under the tax slab?
Thanks.
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 21 August 2008
Hi, there is no nexus between the taxability of employee and FBT. Also even if employer does not liable to pay tax due to various reasons, FBT is must.