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FBT - Exps

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(Querist)
27 June 2008 is FBT we can treat as expense ?
is it allowed to debit side of p n l as an expese ?
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Shekar

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Shekar (Expert)
27 June 2008 Yes u can.....But the payment of FBT will not be allowed as deduction while computing taxable income under Incometax Act...

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