FBT
This query is : Resolved
saminathan.s
(Querist)
27 August 2009
hi,
i have a little problem in capitalizing an asset.during the financial year the company had purchased a mobile phone for Rs.19500 and the amount had been charged through telephone expenses and the company has paid F.B.T for the amount too.what should be done now?
i have a little problem in capitalizing an asset.during the financial year the company had purchased a mobile phone for Rs.19500 and the amount had been charged through telephone expenses and the company has paid F.B.T for the amount too.what should be done now?
CA J M Pattanayak
(Expert)
27 August 2009
Capitalise the asset . To the extent FBT adjust it with FBT on other expenses.
Ankur Garg
(Expert)
27 August 2009
you may do so.
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