Liability of fbt

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....iability of fbt<br> Query (Issue) Started By: - ATUL Dated:- 31-10-2008 Last Reply Date:- 3-11-2008 Income Tax<br>Got 1 Reply<br>Income Tax<br>Tea, coffee and other refreshment at the time of duty por....

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....vide to the employee by employer is liable to Frienge Benefit Tax Reply By ASHOK: The Reply: CBDT issued a circular clarifiying several issues vide FAQ on 30 August 2005 vide Circular No.8/2005 dated....

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.... 29 August 2005 on FBT, Amongst the issues clarified is issue on cost of food or beverage provided inside office and outside office.The Circular also clarifies that if the employer reimburses the cost....

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.... of food or beverages, on account of late sitting, that would be covered within FBT. However, if the employer directly procures the food there is no liability for FBT. Thus you will observce that refr....

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....eshments and food provided inside office has non FBT value whereas if the refreshments are taken outside and reimbursed by the employer, it has FBT value. Quite starnge way of interpreting!!<br> Discu....

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