FBT Liability, Income Tax

[Sanjeev Sharma]

A CA firm paid to NIRC Fees for the year for participating in all study group meetings & Seminars under CPE scheme by its working partners. As the partners are not employees, s the participating fees be liable for FBT ??

Posts / Replies

[Surender Gupta]

From the meaning of Fringe Benefits u/s 115WB, apparently it appears that the amount paid to NIRC for participating in all study group meetings and seminars should not be treated liable to FBT.