Plz tell me the accounting treatment fot fringe benefit tax. if i pay FBT on sep 07 for the assessment year 2007-08, then what will be the treatment in my books of account of the assessment year 2007-08
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Accounting treatment for FBT
Replies (2)
u have to make a provision for it ,
p & l a/c dr
to provision for fbt
i think the accounting treatment will be similar to advance tax
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