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
2 Replies
siddh
(Article (Final Result waited))
(391 Points)
Replied 06 September 2007
u have to make a provision for it ,
p & l a/c dr
to provision for fbt
ambika
(Student)
(64 Points)
Replied 06 September 2007
i think the accounting treatment will be similar to advance tax
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