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Important: PCC Income tax problem

662 views 3 replies

srikanth

Accountant

611 Points Joined December 2008

Problem no.2, 20 marker in that they have given fbt(debited to p&l) which everyone will disalloww.. right.. but the problem is fbt is not appalicable to individuals so wen we calculate tax liabilty

flat rate @ 30%(if we assume co or firm).. or slab rate applicable

Replies (3)

Aditya Maheshwari

CA in Practice

35867 Points Joined June 2009

Please elaborate the question more.

Guest

Originally posted by :srikanth
"	Problem no.2, 20 marker in that they have given fbt(debited to p&l) which everyone will disalloww.. right.. but the problem is fbt is not appalicable to individuals so wen we calculate tax liabilty flat rate @ 30%(if we assume co or firm).. or slab rate applicable	"

be clear in asking question. don't confuse others.