FBT on sales promotion
This query is : Resolved
CA Harsha.M
(Querist)
14 May 2008
Kindly let me know whether FBT is applicable on :
1) Special lighting arrangements made to a retail shop on festival days.
2) If applicable whether the same falls under the category of Sales promotion or Festival Expenses
1) Special lighting arrangements made to a retail shop on festival days.
2) If applicable whether the same falls under the category of Sales promotion or Festival Expenses
CA Hemant T Dewani
(Expert)
14 May 2008
sales promotion exp are those which are given to the employee or others for promoting the sales
festival exp are those which are utilised for festival navaratri/ide/diwali etc but in the above quiry lighting exp are made for festival season you will treat lighting exp in your a/c then no fbt
festival exp are those which are utilised for festival navaratri/ide/diwali etc but in the above quiry lighting exp are made for festival season you will treat lighting exp in your a/c then no fbt
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