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Fringe Benifit Tax

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(Querist)
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 ?
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
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.
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Expert)
27 March 2008 No, You can adjust
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