Is FBT liable on this.................

This query is : Resolved

Neha L. Jain (Querist)
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30 May 2008 X company incurrs seminar & training expenses, which is subsequently recovered from its group company.So is X company liable to pay FBT on Seminar & Training Expenses ???????

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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30 May 2008 exp are debited to p&l a/c are liable to fbt in the above case you are collected seminar& training exp from your group co. so they are liable to fbt

Shekar

Shekar (Expert)
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30 May 2008 Yes...i agree with Hemanth..

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CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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30 May 2008 When X co. incurrs exp , it has to debit the exp to its holding co. And hence i believe that it wont appear in P&L A/c

Thus, no chance of paying FBT on it

Neha L. Jain

Neha L. Jain (Querist)
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06 June 2008 thanks for your opinion!!!!!!!