FBT treatment for PBT calculation

 

Dear Sir/ Madam
I want to know what will be the treatment of FBT for the calculation of PBT ( Profit before Tax ) whether we have to treat it as a part of general expenses or part of TAX . Kindly provide the informotation.
Regards
Alok Majumder
Replies (1)

For the purposes of preparing accounts as per the company's act, FBT is a general expense, it shall not be treated as any kind of income tax...............

deduct it from the p& l account unlike any regular expense...........and after deducting it, u will get the profit before tax..........

its a seperate tax, not a part of it..................

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