Whether FBT paid written off is allowable expenditure

Querist : Anonymous (Querist) 21 July 2011 This query is : Resolved
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.

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A V Vishal (Expert) 21 July 2011
No FBT is not allowable expense, refer Amounts debited to the profit and loss account, to the extent disallowable under section 40.

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