Hi,
Could any one suggest me How FBT is attracted on Directors travelling expences based on which clause and section of the income tax act 1961.
With regards
Jagadiah
4 Replies
CA AYYAPPA
(Chartered Accountant)
(272 Points)
Replied 01 February 2008
Director Travelling expenses Shall liable to FBT under 115WC of Income Tax act, 1961 under TRAVELLING EXPENSES
CA. BIJENDER KR. BANSAL
(ACA, B.COM)
(8148 Points)
Replied 02 February 2008
Hi Jagdish,
Travelling expenses whether related to Director or Employee is taxable under of sub-section (2) of section 115WB of Income Tax Act.
O.D.SHARMA
(DGM-F & A)
(1734 Points)
Replied 02 February 2008
Travelling/foreign travel & boarding /lodging all expenses related to Director or Employee is taxable under of sub-section (2) of section 115WB of Income Tax Act
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