For calculating book profit for the purpose of remuneration to partners in case of partnership firm FBT is deductable or not
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FBT
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NO FBT IS NOT DEDUCTIBLE FOR THE PURPOSE OF CALCULATION OF BOOK PROFIT FOR REMUNERATION TO PARTNERS. HOWEVER W.E.F FINANCIAL YEAR 2009-10, FBT HAS BEEN ABOLISHED, HENCE NO QUESTION OF FBT DEDUCTABILITY
FBT abolished
FBT is abolished wef 1.4.2009
YES, FBT is abolished wef 1.4.2009.
so Mast Raho. No Tension
:-)
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