FBT

This query is : Resolved 

18 October 2009 IS The FBT Payable for 2nd Qtr F.Y 2009-10 ?
What about the FBT paid for the first Qtr F.Y 2009-10. Wthr it wil be adjsted wd subsequent Income Tax Payable or Refunded ?

18 October 2009 FBT is not payable for the 2nd quater.
For advance FBT paid in 1st quater no clerafication has been issued by the department.

19 October 2009 Agree with expert Ravi. We have to wait for clarification to know if we can get refund before filing I.T. return or can adjust with advance tax payable.


19 October 2009 advance fbt will be treated as advance income tax, clarified by deptt. soon after budget



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