hi frnds ........
i hav a query it cleard but lil bit of doubt stil remains....
do FBT attracts to the expenditure which we are not debiting to p&l a/c, actually its a construction co. showing 1 project ex.p. as pre-construction in bsheet....
now the q. is we hav incurred the exp. which is covered under fbt but not debiting to p&l and in next year fbt not applicable???????????
Dear
Fbt will not be appicable and rest remains the same as before
FBT will attract on expenditure incurred during the pre construction period also.
Still confusion..........
M N Rao & Associates LLP
Vijayawada
CA Inter
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