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FBT on Preoperative expenses

Others 1216 views 3 replies
Is FBT Applicable for Preoperative expenses (which includes telephone, staff welfare and travelling) made by a company?
Replies (3)
For FBT, no distinction made between preoperative or post operative.
Yes,FBT is applicable on any expenditure incurred for the purposes covered in clauses (A) to (P) of Sub section (2) of 115WB.It doesn't matter whether exp are incurred prior or after the commencement of business. dear also see the Question No 16 of CBDTs Circullar No 8/2005 Dtd 29.08.2005.
yes, FBT is applicable on preoperative expenses, if its covered in perview of FBT levy


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