please can any one tell me wheatehr sodex pass given by employer is taxable in the hads of employeees
what the proced for that pass
9 Replies
Mahesh Goyal
(Service)
(38 Points)
Replied 07 August 2007
sodexo passed are not taxable in the hands of employee but employer will have to pay FBT on such amount.
Raj
(CA)
(514 Points)
Replied 09 August 2007
Sodexo pass if it contains non trasferable clause inside of it then it is free of FBT also
Suresh Kumar R
(Chartered Accountant)
(16 Points)
Replied 10 August 2007
Sodexho meal passes are not taxable and also do not attact FBT. However other Sodexho gift vouchers attracts FBT
The value of meal passes should be reasonable say Rs 50-70 per day so that it becomes easy to explain tax authorities at the time of asssessment.
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 15 February 2008
It will NOT attract FBT as they are non transferable paid vouchers usable at eating joints.
CA. Kirti S. Ganatra
(Service)
(1461 Points)
Replied 15 February 2008
NO, Soddex is not taxable but FBT Attract
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