FBT Querry
This query is : Resolved
19 October 2007
case study
fact :assessee is in the business of selling paintings
Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges
please reply urgent
WHAT WILL BE ITS EFFECT ON FBT
fact :assessee is in the business of selling paintings
Querry ; catalouge printed to distribute to the visitors for showing them what is in our gallery so where it should be disclosed i.e wether in advertisement or sales promotion or printing charges
please reply urgent
WHAT WILL BE ITS EFFECT ON FBT
19 October 2007
IT IS IN THE NATURE OF SALES PROMOTION AND SHOULD BE DISCLOSED ACCORDINGLY. THERE IS ACTUALLY A THIN LINE WHICH BIFURCATES SUCH EXPENSES AND HAS TO BE DISCLOSED UNDER THE HEAD WHICH GIVES SUBSTANTIAL MEANING TO SUCH EXPENDITURE
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