For calculating book profit for the purpose of remuneration to partners in case of partnership firm FBT is deductable or not
For calculating book profit for the purpose of remuneration to partners in case of partnership firm FBT is deductable or not
NO FBT IS NOT DEDUCTIBLE FOR THE PURPOSE OF CALCULATION OF BOOK PROFIT FOR REMUNERATION TO PARTNERS. HOWEVER W.E.F FINANCIAL YEAR 2009-10, FBT HAS BEEN ABOLISHED, HENCE NO QUESTION OF FBT DEDUCTABILITY
FBT abolished
FBT is abolished wef 1.4.2009
YES, FBT is abolished wef 1.4.2009.
so Mast Raho. No Tension
:-)
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