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FBT Querry

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25 March 2008 Sir It is not clear whether the expenditure incurred under the head of "sales promotion & publicity" or any other head of FBT shall not be considered as FBT in any other head, say, traveling and hotel expenses incurred for "organizing a trade fair press conference or business convention" ( which is not liable to FBT as the same is excluded from "sales promotion & publicity" head) of employees shall be excluded from the other heads say "conveyance, tour & travel" or not.


please gide me.

25 March 2008 yes it will be excluded. because purpose for which exp. is incurred is relevant.

26 March 2008 YES IT WILL BE EXCLUDED BEING THE INTENTION WAS TO EXCLUDE SUCH EXPENDITURE WITHIN THE PURVIEW OF SALES PROMOTION AND PUBLICITY AND ANY SUCH EXPENDITURE WHICH IS INCURRED IN RELATION TO SUCH EXPENDITURE





26 March 2008 I just want to add one point here is "The ultimate purpose of expenditure is to be kept in mind for arriving at the decision of leviability"



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