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IT FILING

yatish kotiyan (Articled Clerk) (372 Points)

26 September 2009

dear friends

can i.t return of a partnerhip firm be filed without filing fbt return

pls help ASAP

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4 Replies

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 26 September 2009

if partnership firm has no employee on its roll, such firm is not required to file FBT return, but in other case FBT return is required to be filed.

regards,

ratan

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yatish kotiyan (Articled Clerk) (372 Points)
Replied 26 September 2009

Originally posted by :Ratan Deep Saxena
"	if partnership firm has no employee on its roll, such firm is not required to file FBT return, but in other case FBT return is required to be filed. regards, ratan	"

Is it compulspory to make payment of Fbt by Internet only????

And wat if the payment is made after 30 sept and it is filed without FBT???

prasanth kumar (sales tax & income tax practitioners) (22 Points)
Replied 26 September 2009

sir,

required some excel based balance sheet formats

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 28 September 2009

no it is not compulsory to pay FBT through internet. Interest shall be levied for late payment of FBT @ 1% P.M. & If FBT return is not filed penalty of Rs. 5000 shall be levied.