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Expense incurred and got reimbursement later-Liable FBT

This query is : Resolved 
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(Querist)
24 September 2008 To shift house hold articles of EXPAT, expense incurred and debited to Staff Welfare.

Later, we are getting refund from the foreign company whatever we have incurred
as expense for this purpose.

Net effect of P & L is zero. Is there
any liablity under FBT?

Amit Sharma
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Guest (Expert)
25 September 2008 NO
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 September 2008 If the same item is reimbursable, it is to be shown under advance and credit that account when reimbursement occurs.




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