Advance FBT will claimed as Advance Tax
This query is : Resolved
CA chandrakant jain
(Querist)
25 December 2009
Dear All,
Please let me know, If any company has already been paid 1st installment of Advance FBT because abolishment of FBT has not been confirmed that time.....will it be treated as Advance Tax?....or...should company have to claim refund for the same?????
Thanks in advance.
Dear All,
Please let me know, If any company has already been paid 1st installment of Advance FBT because abolishment of FBT has not been confirmed that time.....will it be treated as Advance Tax?....or...should company have to claim refund for the same?????
Thanks in advance.
25 December 2009
no official clarification has been released in this regard.
CA.Tarun Maheshwari
(Expert)
25 December 2009
Agree. Chances are bright that it will be treated as Advance Income Tax paid, but still we are waiting for clarification.
Murtaza I Bhagat
(Expert)
25 December 2009
agree. you have to wait till the next notification regarding your query.
25 December 2009
no clarification has been released by CBDT.
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