09 March 2009
If the firm arranges the Dinner for its client than is it liable for FBT? The expenses is currently classified under the head Sales Promotion including Publicity. Is the head classified correct?
09 March 2009
FBT not applicable. Classification of expense is correct, but if there is any other expenditure under this head on which FBT is applicable then please separate both the expenses.
CAclubindia
