Please tell me whether FBT is applicable on the expenses relating to inaugration of an office of a company. A company has shifted its office from Delhi to Gurgaon and incurred expenses on inaugration of new office.
If FBT is applicable then under which clause.
Thanks.
Thanks Mr. Gurdeep, but Shall inaugration expenses be treated as sale promotion expenses? Is there any specific provision or clarification available in the Income Tax Act/ Rules to support your view?
Good mornign
CAclubindia
