FBT on Expenses Abroad

sanjeev (Manager- Accounts/Tax/Finance)   (229 Points)

06 October 2007  

Dear Members

Please tell me whether FBT should be levied on Expenses Incurred abroad like telephone exp , Car running expenses etc of a Foreign Branch, the claim of which is made against Indian Parent Company's Profit in consolidated finanacial statements.

Sanjeev

(C.A)