FBT on Meting Exps
This query is : Resolved
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
CA. Babita
02 July 2008
Dear Babita
In such situation, it is advisable to book such expenses under the head Business Entertainment and pay FBT accordingly.
In such situation, it is advisable to book such expenses under the head Business Entertainment and pay FBT accordingly.
03 July 2008
Such exp is in the nature of entertainment and FBT is leviable accordingly
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