FBT TREATMENT
This query is : Resolved
Ram Singh Poswal
(Querist)
29 July 2008
WHAT WILL BE TREATMENT OF FBT DURING THE CONSTRUCION PERIOD OF PROJECT. CAN WE CAPITALISED AS PRE-OPERATIVE EXP OR NOT ?
CA Hemant T Dewani
(Expert)
29 July 2008
fbt is not deductable exp so if you are capitalised the same afterward exp are not allowed so you will show the same in asset side of the balance sheet afterward it is transferred to p & l appropriation a/c
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