Fringe Benifit Tax

This query is : Resolved 

26 March 2008 Income Tax Being a part of IT Act, can we set off Excess Fringe Benifit Tax paid against Income Tax Liability ? If yes how to show in return of Income ?

26 March 2008 U can not set off the FBT with IT. U will be refunded by The excess amount of FBT paid by u.

27 March 2008 No, You can adjust




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