fbt
This query is : Resolved
20 October 2009
if advance for fbt is not paid how is the interest calculated for it
21 October 2009
FBT has been removed from FY 2009-10.
If your query relates to FY 2008-09 then simple interest @ 1% on the short fall for every month or part of the month for which the short fall continues.
If your query relates to FY 2008-09 then simple interest @ 1% on the short fall for every month or part of the month for which the short fall continues.
21 October 2009
Agree with expert.
Just want to add that interest will be payable for non payment of advance FBT and also for non conforming the payment pattern during the due dates. It's almost similar like Sec 234B and 234 C.
Just want to add that interest will be payable for non payment of advance FBT and also for non conforming the payment pattern during the due dates. It's almost similar like Sec 234B and 234 C.
21 October 2009
Yes but interest @ 1% p. m. on the shortfall
21 October 2009
thank you
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