Is FBT liable on this.................
This query is : Resolved
30 May 2008
X company incurrs seminar & training expenses, which is subsequently recovered from its group company.So is X company liable to pay FBT on Seminar & Training Expenses ???????
30 May 2008
exp are debited to p&l a/c are liable to fbt in the above case you are collected seminar& training exp from your group co. so they are liable to fbt
30 May 2008
When X co. incurrs exp , it has to debit the exp to its holding co. And hence i believe that it wont appear in P&L A/c
Thus, no chance of paying FBT on it
Thus, no chance of paying FBT on it
06 June 2008
thanks for your opinion!!!!!!!
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