FBT

Treatment just like provision for taxation. Same as it

AS ADITYA RIGHTLY MENTIONED THAT IN BOOKS FBT HAS TO BE TREATED IN THE SAME MANNER AS INCOME TAX..

1.0 FBT is also a tax like any other tax paid by the company.

2.0 In respect of the Company, Income tax is paid when there is total income but FBT is paid when there exists certain qualifying expenditure.

3.0 FBT is not the one, where you will pay only when there is profits, it has to be paid irrespective of Company profits.

4.0 Kindly adopt the same treatment that you are adopting for accounting the Income Tax Paid.