Excess advance FBT paid on actual liability
This query is : Resolved
18 September 2008
If advance tax has been paid excess of our final FBT liability.
Is it recoverable? if reocverable what is the procedure?
Is it recoverable? if reocverable what is the procedure?
18 September 2008
Yes.Provisions of IT Act shall apply for refund by virtue of section 115 WL.
20 September 2008
Yes,it is recoverable.
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