what is fbt % on travelling exp
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Answer / puran dangwal
DEAR FRIEND
FBT IS PAYABLE @33.99% OF
-5% OF TICKET COSTS(TRAIN/BUS/AIR)(DOMESTIC /OVERSEAS
TRAVEL)
-20% OF LODGING AND BOARDING COSTS
-20% OF OTHERS RELATED COSTS E.g OVERSEAS INSURANCE,VISA
FEE ETC, LOCAL CAR HIRE CHARGES FOR TRAVEL
REGARDS
PURAN DANGWAL
Is This Answer Correct ? | 17 Yes | 1 No |
Answer / kuldeep srivastava
Fringe benefit tax on travelling exp. are 20%
Is This Answer Correct ? | 3 Yes | 5 No |
What goodwill.
Answered but misspelled pl correct ACCOUNTIN EQUATION =ASSETS-LIABILITIES= (ANS.SRENOWYTIUEQ)
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
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