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11 August 2008 WE HAVE TAKEN MACHINERY HIRED BASIS FOR THAT MACHINERY MAINTENACE(for example D.G Set) i.e RUNNING EXP.ETC., WHERE WE HAVE TO BOOK either Plant & Machinery Maintenance or Machinery hire charges

if we have accounted under the Plant and Machinery Maintenance we have to pay fringe binfit tax.



12 August 2008 you will follow rapairs & maintanance in the books
fbt is payable only on motorcar not on machinery owned or hired

12 August 2008 You should book it under the head Machinary Hire Charges.




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