Dear friends,
Is skill contests liable for FBT?Skill contest means company conducts some sort of
contests for employees & awards them for winnings.
Sadiq Hussain (CA-Final 2nd group cleared Senior Tax Executive-GES) (92 Points)
12 December 2008Dear friends,
Is skill contests liable for FBT?Skill contest means company conducts some sort of
contests for employees & awards them for winnings.
Aakhri Pasta
(Hell Froze Over)
(171 Points)
Replied 18 March 2009
Yes the same is liable to FBT as it is covered under staff welfare 115WB(2)(E).
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)