CA. ANKUR JAIN (CA.....) (2800 Points)
24 September 2009hi frnds ........
i hav a query it cleard but lil bit of doubt stil remains....
do FBT attracts to the expenditure which we are not debiting to p&l a/c, actually its a construction co. showing 1 project ex.p. as pre-construction in bsheet....
now the q. is we hav incurred the exp. which is covered under fbt but not debiting to p&l and in next year fbt not applicable???????????
CA Pawan Lakhotia
(Infosys Limited)
(202 Points)
Replied 24 September 2009
Dear
Fbt will not be appicable and rest remains the same as before
machender
(student)
(190 Points)
Replied 26 September 2009
FBT will attract on expenditure incurred during the pre construction period also.
CAclubindia
