Whether FBT paid written off is allowable expenditure
pankaj
(Querist) 21 July 2011
This query is : Open
dear sir,
we have paid FBT for the financial year 2009-10 of Rs. 22000. now in the financial year we have written off FBT Recoverable of Rs. 22000 through Profit & Loss A/c. so sir, i want to know whether fbt written off is allowable expenses as per income tax act.