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fbt

This query is : Resolved 
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(Querist)
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.
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Ratan Sharma

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Ratan Sharma (Expert)
07 July 2009 Hi,
You can adjust the FBT paid with the Income Tax payable.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
07 July 2009 It is to be adjusted against Income Tax Payable - CBDT Clarification.
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