Opening provision for fbt ay 2009-10

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 September 2011 Dear Sir

Thanks for Valuable Advise,
My Query is that in our Company,
We have Opening Provision of FBT i.e provision For Fringe benefit tax.
So What is the Treatment of this in the Current Year.

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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26 September 2011 Plz mention for which Financial year, you are talking about

If the same provision is need not to be paid to the Income tax department, the same is required to be written off

Provision for FBT 2009-10 DR
To Profit & Loss A/c