Accounting treatment
This query is : Resolved
03 May 2008
What should be the accounting treatment for expenses incurred on entertainment of clients? If we show it as Marketing & Sales Promotion Expenses than whether we have to pay FBT on it.
03 May 2008
yes, just by changing the name you can not change the nature of expense. You still have to pay FBT.
03 May 2008
Yes, FBT will be leviable on such Exps.
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