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?
H S Rajashree (MBA in Finance) (221 Points)
05 March 2009Hi
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?
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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