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FBT APPLICABILITY ON PRE-INCORPORATION EXPENSES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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(Querist)
06 October 2007 IS FBT APPLICABLE ON THE PRE-TRAVELLING EXPENSES , PRE-BUSINESS PROMOTION EXPENSES
EXPENSES INCURRED BY THE DIRECTORS OF TEH COMPANY?

FURTHER WHAT ARE THE EXPENSES WHICH CAN BE SHOWN AS PREINCORPORATION EXPENSES
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CA Mani

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CA Mani (Expert)
06 October 2007 FBT is applicable on pre-incorporation expenses.

But employer's status will be association of persons. (Before incorporation)
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Ravikumar.G

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Ravikumar.G (Expert)
06 October 2007 FBT is not applicable to Individual, HUF and Trust etc.
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KAAPIL

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KAAPIL (Expert)
13 November 2007 Thanks fir the input.

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