ADVANCE FBT
This query is : Resolved
CA Bhavik Mehta
(Querist)
13 July 2009
The finance Minister proposed to abolish FBT from AY 2010-11(FY 2009-10) and onwards assessment year .But many assesses have already deposited the FBT advance tax on 15 June ,2009 for the FY 2009-10.
what will be the fate of the advance FBT they have deposited?
what will be the fate of the advance FBT they have deposited?
Ratan Sharma
(Expert)
13 July 2009
Hi,
The FBT already paid will be adjusted as if you have paid the advance income tax.
The FBT already paid will be adjusted as if you have paid the advance income tax.
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