Glow sign board expenses
This query is : Resolved
11 July 2008
we are displaying the glow sign board at outdoor of the store/office. we are paying the advertisement tax to the MCH.
when we are booking the invoice related to glow sign board, does it comes under advertisement cost or fixed assets - fixture and furniture cost.
Please clarify my doubt.
Regards
Ashok
when we are booking the invoice related to glow sign board, does it comes under advertisement cost or fixed assets - fixture and furniture cost.
Please clarify my doubt.
Regards
Ashok
11 July 2008
First in order to become your asset it should be your asset. this is not your asset. and u r paying some money in the form of tax periodically for its usage.
so in my opinion it should be clasified as advertisement expenses. and u need to pay the FBT also.
so in my opinion it should be clasified as advertisement expenses. and u need to pay the FBT also.
12 July 2008
yes, it is in the nature of advertisemnet exp........
But FBT is exempted on exp incurred in connection with sign boards
But FBT is exempted on exp incurred in connection with sign boards
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