FBT Querry
This query is : Resolved
varun mahajan
(Querist)
19 October 2007
case study
fact :assessee is in the business of selling paintings
Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges
please reply urgent
WHAT WILL BE ITS EFFECT ON FBT
fact :assessee is in the business of selling paintings
Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges
please reply urgent
WHAT WILL BE ITS EFFECT ON FBT
CA. Rayan Sequeira
(Expert)
19 October 2007
IT IS IN THE NATURE OF SALES PROMOTION AND SHOULD BE DISCLOSED ACCORDINGLY. THERE IS ACTUALLY A THIN LINE WHICH BIFURCATES SUCH EXPENSES AND HAS TO BE DISCLOSED UNDER THE HEAD WHICH GIVES SUBSTANTIAL MEANING TO SUCH EXPENDITURE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- EPF ECR NEW FILE SEP 17TH 2026
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
