Question ID : 796
FBT on provisions for expenses
Dear friends
I want to know whether there is any specific provision(Section or cuse ) come Tax act which throws some light on whether we have to take to account the provisions for various expenses while calcutg FBT if we have not yet paid for that exp.. eg. some companies provide for superannuation fund but it is paid only once or twice a year so whther we have to pay tax on this amount of Superannuation fund which we have provided for but havent yet paid? '
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