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FBT on Prepaid exp.

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(Querist)
27 August 2008 Whether Prepaid Exp. are liable to FBT or not ?
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CA Pawan Goswami

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CA Pawan Goswami (Expert)
27 August 2008 No, prepaid expenses are not liable to FBT
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Ranjit Ahluwalia

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Ranjit Ahluwalia (Expert)
28 August 2008 No, when the same are claimed as expense in next accounting year only than it shall be liable to FBT
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