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advance income tax

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(Querist)
05 July 2008 can assessee can set off his advance tax or tds asset against fbt liability ?
if yes then under what section
please replay urgent
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Jitender

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Jitender (Expert)
05 July 2008 advance income tax or tds can't be adjusted agianst fbt.
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Taxguy

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Taxguy (Expert)
05 July 2008 for FBT also you need to pay advance tax under section 115WJ, which can be adjusted for liability under FBT.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
05 July 2008 INCOME TAX RETURN AND FBT RETURN AND ASSESSEMNTS ARE INDEPENDENT..........SO PAYMENT OF INCOME TAX AS PER INCOME TAX RETURN CAN NOT BE SET OFF IN FBT RETURN/ASSESSMENT

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