please let me know if chairman office expenses attract fbt and if yes what are the general expenditures attarct fbt
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chairman office expenses in fbt
Replies (2)
AS PER ME THE CHAIRMAN OFFICE EXPENSES ARE JUST LIKE OTHER OFFICE EXPENSES AND IF THEY ARE NOT LIABLE TO FBT WHY CHAIRMAN OFFICE EXPENSES SHOULD BE ...
DEFINITELY IF YOU ARE TALKING ABOUT EXPENSES REALTED TO HIS OFFICE LIKE PRINTING AND STATIONERY , TELEPHONE , ELECTRIC & OTHERS SO PLZ SEGREGATE THEM AS USUAL AND CHARGE THEM TO FBT.
For FBT , there isn't any such category , instead u have to see the nature of the expenses. As Vinay said , segregte the expenses out of these & differentiate between those which attract FBT & those not .
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