Important: PCC Income tax problem

srikanth (Accountant) (611 Points)

12 June 2009  

 

Problem no.2, 20 marker in that they have given fbt(debited to p&l) which everyone will disalloww.. right.. but the problem is fbt is not appalicable to individuals so wen we calculate tax liabilty
flat rate @ 30%(if we assume co or firm).. or slab rate applicable