Poonawalla fincorp
Poonawalla fincorp

FBT on prepaid expenses

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 March 2009 Car Insurance paid on 01.02.2009 RS. 12000/-. Thus in the FY 2008-2009 a sum of 2000/- booked as insurance exps and balance Rs. 10000/- transferred to prepaid Expenses.
Pls confirm that FBT will be payable on Rs. 2000/- or Rs. 12000/-?
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
13 March 2009 FBT can not be charged on prepaid exp

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links