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Whether expenditure incurred on gifts provided to employees, on the occasion of marriage, liable to FBT?

April 26, 2017employees expenditure fbt gifts incurred liable marriage provided

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Whether expenditure incurred on gifts provided to employees, on the occasion of marriage, liable to FBT?

1 Answer

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Any expenditure incurred on gifts provided to employees, whether on the occasion of marriage or otherwise, falls within the scope of clause (O) of sub-section (2) of section 115WB and, accordingly, is liable to FBT.