Does FBT applicable to Expense incurred toward Advertisement
4 Replies
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 18 January 2009
No FBT is not applicable on all kind of advertisement
For more information Refer Section 115WB(2)(D) under which excluded items are mentioned
Shiva Kumar
(CA-Final)
(102 Points)
Replied 31 January 2009
FBT is not attracted towards expenses incurred for advertisements. Advertisements is an expenditure that is the nature of service to employee. TDS will attracted towards Advertisement..............
For more Information Please refer Section 115WB(2)(D)
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 01 February 2009
FBT is levied on advertisement but it is not levied on the genuin advertisement expenses............proviso to SEc.115WB(2)(D) provides a list of genuin advertisement exp. and hence excludes it from levy of fbt...........
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