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FBT on Meting Exps

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(Querist)
02 July 2008 Ditrector incuured so many expenses in hotel, Cofffee house, sports house, buty paloe etc. inwhich head these expenses will be entered.and what about the FBT. olease duggest me urgently

CA. Babita
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Sanjeev Kumar Varshney

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Sanjeev Kumar Varshney (Expert)
02 July 2008 Dear Babita

In such situation, it is advisable to book such expenses under the head Business Entertainment and pay FBT accordingly.
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
03 July 2008 Such exp is in the nature of entertainment and FBT is leviable accordingly




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