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Fringe Benefit Tax and MAT calculation

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(Querist)
22 September 2008 If while calculating MAT, i take Net Profit before tax, then with respect to Fringe Benefit Tax, what should i deduct from PBT?
a) Provision for FBT or
b) Total FBT Liabilty or
c) Actual FBT paid

Eg: I have PBT = Rs. 1 lakh
Provision for FBT is Rs.50000
Total FBT Liabilty is Rs.30000
FBT paid is Rs.40000
What will be the book profit for MAT?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
22 September 2008 Book profit for MAT is Rs i lakh.
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Ravikumar.G

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Ravikumar.G (Expert)
23 September 2008 MAT calculation FBT is an allowable expenditure. During the year actual FBT liability is allowable.
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