FBT QUERY RELATED
This query is : Resolved
22 May 2008
hy
my clint(pvt.ltd. company) is processer and trader of seeds items. he guide to former in that how the seeds grow in good quality and he expensed rs.700000 during the year 2007-08 and treated it sales promotion expenses.
is he liable to pay FBT ? if yes can we change its group in which FBT NOT LIABLE ?
pls reply me
CA MOSAM SHAH
my clint(pvt.ltd. company) is processer and trader of seeds items. he guide to former in that how the seeds grow in good quality and he expensed rs.700000 during the year 2007-08 and treated it sales promotion expenses.
is he liable to pay FBT ? if yes can we change its group in which FBT NOT LIABLE ?
pls reply me
CA MOSAM SHAH
22 May 2008
What is the nature of expenditure is not clear in ur query
22 May 2008
you are given guidence to farmers regarding how to cultivate so you give your product how to cultivate so it is sales promotion exp.
23 May 2008
the nature is sales promotion i.e. he want to increase his sales through this
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