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Is FBT applicable on expenses been capitalised

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(Querist)
17 September 2008 Sir,
Our company is Ltd co. Our employees has inccured travelling & conveyance exps for a Project, which we had capitalised in our books as Work in Progresss. I would like to known whether FBT is applicable on such expenses
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Jitender

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Jitender (Expert)
18 September 2008 yes.

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