22 September 2008
If while calculating MAT, i take Net Profit before tax, then with respect to Fringe Benefit Tax, what should i deduct from PBT? a) Provision for FBT or b) Total FBT Liabilty or c) Actual FBT paid
Eg: I have PBT = Rs. 1 lakh Provision for FBT is Rs.50000 Total FBT Liabilty is Rs.30000 FBT paid is Rs.40000 What will be the book profit for MAT?
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