Opening provision for fbt ay 2009-10
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2011
Dear Sir
Thanks for Valuable Advise,
My Query is that in our Company,
We have Opening Provision of FBT i.e provision For Fringe benefit tax.
So What is the Treatment of this in the Current Year.
Thanks for Valuable Advise,
My Query is that in our Company,
We have Opening Provision of FBT i.e provision For Fringe benefit tax.
So What is the Treatment of this in the Current Year.
CA Pushpendra Gaur
(Expert)
26 September 2011
Plz mention for which Financial year, you are talking about
If the same provision is need not to be paid to the Income tax department, the same is required to be written off
Provision for FBT 2009-10 DR
To Profit & Loss A/c
If the same provision is need not to be paid to the Income tax department, the same is required to be written off
Provision for FBT 2009-10 DR
To Profit & Loss A/c
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