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ACCOUNTING

This query is : Resolved 
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(Querist)
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.
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
12 August 2008 you will follow rapairs & maintanance in the books
fbt is payable only on motorcar not on machinery owned or hired
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CA Abhishek Tyagi

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CA Abhishek Tyagi (Expert)
12 August 2008 You should book it under the head Machinary Hire Charges.
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