Archived; click post to view.
Excerpt: When a company is providing the Guest House Facility to its employees, rent of which is paid by the company. In this case do the company needs to pay FBT on Guest House Rent OR it will be taxable as Rent Free Accommodation in the hands of the Employee ? baljeet_kv@rediffmail.comAs per section 115WB(2)(k) , the maintenance cost of any guest house comes within purview of FBT @ 20% of such expenditure. CBDT vide Circular No 8 dt 29/8/2005 clarified on Guest House issues as follows:”Will expenditure on capital items (e.g., fridges, TVs) in a guesthouse be liable…
