FBT ON VISA EXTENSION FEES FOR FORIEGN TOURS AND TRAVELLING INCLUDED U/S115WB(2)(Q) OR NOT ?
pLZ EXPLAIN?
Muthu Aravind (Article) (188 Points)
28 June 2008FBT ON VISA EXTENSION FEES FOR FORIEGN TOURS AND TRAVELLING INCLUDED U/S115WB(2)(Q) OR NOT ?
pLZ EXPLAIN?
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
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
