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Pre Paid Insurence on Car

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(Querist)
26 September 2008 Is FBT applicable on Pre Paid Insurence on Car?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
26 September 2008 This is an advance which takes into effect only on the commencement of insurance period. Upon commencement FBT becomes payable.
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Jitender

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Jitender (Expert)
26 September 2008 not payable on advance.
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