FBT ON VISA EXTENSION FEES FOR FORIEGN TOURS AND TRAVELLING INCLUDED U/S115WB(2)(Q) OR NOT ?
pLZ EXPLAIN?
1 Replies
Prabhash Chandra Jha
(TAX CONSULTANT)
(48 Points)
Replied 18 July 2008
EXTENSION OF VISA IS A PERSONAL REIMBURSHMENT OF THE EMPLOYEES HENCE THIS EXPENSES IS LIABLE FOR 100% FBT. HOWEVER IF THERE IS POLICY OF THE COMPANY THAT THE COMPANY HAS INCURRED TOTAL EXPENSES OF ALL EMPLOYEE WHICH INCURRED FOREIGN TRAVELLING AND VISA CHARGES INCURRED BY THE COMPANY THEN THIS WILL LIABLE UNDER TRAVELLING AND TOUR INCLUDING FOREIGN TRAVELLING
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
