Excess advance FBT paid on actual liability

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Ankit Gupta (Querist)
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18 September 2008 If advance tax has been paid excess of our final FBT liability.

Is it recoverable? if reocverable what is the procedure?

Bhaskaran Chackrapani Warrier (Expert)
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18 September 2008 Yes.Provisions of IT Act shall apply for refund by virtue of section 115 WL.

Advocate Vivek Kumar Sancheti (Expert)
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20 September 2008 Yes,it is recoverable.

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