fbt

This query is : Resolved 

07 July 2009 fbt is abolished-
Number of companies have paid fbt advance tax for the 1st quarter-

Can we claim refund of advance tax


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Guest

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Guest (Expert)
07 July 2009 Yes, you can claim refund of Advance tax when you file your Co ITR.

07 July 2009 Hi,
You can adjust the FBT paid with the Income Tax payable.

07 July 2009 It is to be adjusted against Income Tax Payable - CBDT Clarification.


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