FBT

This query is : Open

Priya Joshi (Querist)
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11 September 2009 If a company recovers telephone and conveyance from clients and credit to respective accounts, the result is for some quarters it is in negative. How company should calculate and pay FBT?

ARUN KUMAR V

ARUN KUMAR V (Expert)
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11 September 2009 FBT is to be payable on the expenditure incurred and hence for the whole amount FBT need to be payable.

CA. Bikash Bogi

CA. Bikash Bogi (Expert)
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27 September 2009 No......no fbt would be payable........it should be paid only on Net amount

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Priya Joshi

Priya Joshi (Querist)
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29 September 2009 But if i incure expenditure on behalf of client, then i will only pay fbt on it, isnt it? how client will pay fbt on it. it is my expenditure so i should pay fbt on the amounts which i have debited. Please clarify