Advance FBT

This query is : Resolved

preeti sharma (Querist)
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12 March 2009 If a company is depositing FBT on presumption basis and at the end of every qtr,total FBT payable is changed and 45% of FBT paid by Company is fall short and no interest is being paid on such FBT.
what should be the right treatment of the same

HUZAIFA HUSSAIN

HUZAIFA HUSSAIN (Expert)
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12 March 2009 HI PREETI
PAY THE DIFF.AMOUNT ALONG WITH INTEREST RIGHT NOW OR PAY THE DIFF. AS SELF ASSMT. FBT AT THE TIME OF FILING THE RETURN ALONG WITH INTEREST TILL DATE OF PAYMENT.