FBT on Prepaid exp.
This query is : Resolved
Ashish Kumar Bansal
(Querist)
27 August 2008
Whether Prepaid Exp. are liable to FBT or not ?
CA Pawan Goswami
(Expert)
27 August 2008
No, prepaid expenses are not liable to FBT
Ranjit Ahluwalia
(Expert)
28 August 2008
No, when the same are claimed as expense in next accounting year only than it shall be liable to FBT
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