WHETHER DAILY POOJA EXPENSES COMES UNDER FBT OR NOT?
9 Replies
poornima
(ARTICLESHIP (PCC STUDENT))
(0 Points)
Replied 28 June 2008
pooja expense will not be come in fbt
CA Himanshu Awasthi
(Manager (Advances))
(520 Points)
Replied 28 June 2008
these expenses dont come under the purview of FBT
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 28 June 2008
Pooja expenses doesnot come under the ambit of FBT.
Manimaran Kathiresan
(Audit Executive)
(20 Points)
Replied 28 June 2008
Where the Pooja expenses incurred daily, it will not attract the FBT. Howver it is to be incurred any special occution for example saraswathi pooja, in the mean time we have spent more than Rs.5000, then it will be attracted the FBT @ 50%.
Prabhash Chandra Jha
(TAX CONSULTANT)
(48 Points)
Replied 18 July 2008
ANY EXPENSES INCURRED ON POOJA THAT WILL NOT COVER IN FESTIVAL CLEBRATION AND THIS IS NOT F.B.TABLE EXPENSES. HOWEVER ANY AMOUNT EXPENDED ON A SPICAL OCCASION LIKE DIWALI,I-D,GURU PARV,CRISMAS ETC ARE TAXABLE ON FBT
Raman
(CA)
(62 Points)
Replied 19 July 2008
I think FDT will not come. Only festival celebrations are covered under FBT. Daily pooja exp cannot be construed as festival celebrations.
SANTHIPRIYA S
(Student)
(64 Points)
Replied 22 July 2008
daily pooja expenses will not attract FBT.
[Under sec115WB(2)(L) it includes only the festival expenses for the festivals like diwali, christmas. value is 50% ( from As.yr 09-10 it is 20%).]
So anyways the daily pooja expenses will not attract FBT.
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