FBT RELATED TO BUSINESS PROMOTION
This query is : Resolved
16 June 2008
Dear sir/Madam My Qus. is One Custom house agent pvt ltd. co. issuing mango to its customers and also having Original Invoice from mango vendor for amount the paid. CHA Co. treat it as Business Promotion. and Paying FBT on the same as applicable FBT rate.
1 Qus) Can this be a Business Promotion and allowable in Income tax as expenses.
Please answer the query as soon as possible
Thanks
1 Qus) Can this be a Business Promotion and allowable in Income tax as expenses.
Please answer the query as soon as possible
Thanks
05 April 2012
FBT has been abolished so this query is not relevant anymore.
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