Alok Majumder (Service) (27 Points)
12 February 2009
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 12 February 2009
For the purposes of preparing accounts as per the company's act, FBT is a general expense, it shall not be treated as any kind of income tax...............
deduct it from the p& l account unlike any regular expense...........and after deducting it, u will get the profit before tax..........
its a seperate tax, not a part of it..................
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