FBT allowable deduction?_115JB

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shruti karuturi (Querist)
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23 May 2008 Whether FBT would be allowable deduction while computing `book profit' under Section 115JB?

CA. Vineet Grover (Expert)
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23 May 2008 Hi Shruti,

FBT is a disallowable item under income tax law.

It governs for all provisions of the act.

Rgs/
Vineet

R.V.RAO (Expert)
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23 May 2008 YES ,SHRUTIJI,
FBT FOR MAT COMPUTATION IS AN ALLOWABLE DEDUCTION.
R.V.RAO

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