Glow sign board expenses

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Ashok Kumar Godey (Querist)
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11 July 2008 we are displaying the glow sign board at outdoor of the store/office. we are paying the advertisement tax to the MCH.

when we are booking the invoice related to glow sign board, does it comes under advertisement cost or fixed assets - fixture and furniture cost.

Please clarify my doubt.

Regards
Ashok

Sambu Suresh

Sambu Suresh (Expert)
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11 July 2008 First in order to become your asset it should be your asset. this is not your asset. and u r paying some money in the form of tax periodically for its usage.
so in my opinion it should be clasified as advertisement expenses. and u need to pay the FBT also.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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12 July 2008 yes, it is in the nature of advertisemnet exp........

But FBT is exempted on exp incurred in connection with sign boards

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