Hi
I think there is no upper limit mentioned for food coupons for employees. But 10(15) places a restriction of 50 per meal. Is there any other provisions which talks about food coupons. Also, does it attract FBT?
2 Replies
CA jayalakshmi
(Associate consultant)
(235 Points)
Replied 05 March 2009
For food couponswhich are not transferable and usable only at eating joints and outlets -Fbt will not apply.
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 05 March 2009
Yes
Jayalakshmi is correct . food coupons which are not transsferrable & used in factory are not laible to FBT.
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