Expense incurred and got reimbursement later-Liable FBT
This query is : Resolved
24 September 2008
To shift house hold articles of EXPAT, expense incurred and debited to Staff Welfare.
Later, we are getting refund from the foreign company whatever we have incurred
as expense for this purpose.
Net effect of P & L is zero. Is there
any liablity under FBT?
Amit Sharma
Later, we are getting refund from the foreign company whatever we have incurred
as expense for this purpose.
Net effect of P & L is zero. Is there
any liablity under FBT?
Amit Sharma
Guest
Guest
(Expert)
25 September 2008
NO
26 September 2008
If the same item is reimbursable, it is to be shown under advance and credit that account when reimbursement occurs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
