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Whether expenditure incurred on prizes/rewards to employees for achievements is liable to FBT?

April 26, 2017Achievements employees expenditure fbt incurred liable prizes rewards

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Whether expenditure incurred on prizes/rewards to employees for achievements is liable to FBT?

1 Answer

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Any expenditure incurred on prizes/rewards to employees for achievements would fall within the scope of clause (E) of sub -section (2) of section 115WB relating to employee welfare and accordingly be liable to FBT.