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chairman office expenses in fbt

Vijay Kumar V K (FUND MANAGER) (35 Points)

03 August 2009

please let me know if chairman office expenses attract fbt and if yes what are the general expenditures attarct fbt

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2 Replies

CA Vinay Saraf (CA) (148 Points)
Replied 03 August 2009

AS PER ME THE CHAIRMAN OFFICE EXPENSES ARE JUST LIKE OTHER OFFICE EXPENSES AND IF THEY ARE NOT LIABLE TO FBT WHY CHAIRMAN OFFICE EXPENSES SHOULD BE ... DEFINITELY IF YOU ARE TALKING ABOUT EXPENSES REALTED TO HIS OFFICE LIKE PRINTING AND STATIONERY , TELEPHONE , ELECTRIC & OTHERS SO PLZ SEGREGATE THEM AS USUAL AND CHARGE THEM TO FBT.

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CA Vikrant Arora (Practicing Chartered Accountant) (67 Points)
Replied 12 August 2009

For FBT , there isn't any such category , instead u have to see the nature of the expenses. As Vinay said , segregte the expenses out of these & differentiate between those which attract FBT & those not .