23 January 2009
We have engaged a techinician for the purpose of repairing machinery. He has provided a bill stating labour charges, travelling & fooding seperately. Pls advice how to account in books:- 1.debiting entire amount to repairs & Maint. 2.seperately to the concerned head (if so whether liable for FBT).
On other case expenses of travelling and fooding incurred by us whether attract FBT.
24 January 2009
Please u consider total item for errecting the Machine, and deducted the TDS.
if u r considering the amount seperately Then Deduct the TDS on Labour & FBT on Travelling & Food expenses (which u have to pay from ur pocket. Hence consider all the expenses including labour, spare, and others pocket expenses into repair & maintenance and Deduct TDS, and let the party will claim the TDS
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