banner_ad

FBT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 July 2009 WHAT ABOUT THE FBT PAID FOR THE FIRST QUARTER BY THE COMPANY? WILL IT BE ADJUSTED IN SOMEWAY WITH INCOME TAX OR BE REFUNDED ?
Profile Image

Prakash Jasani

Profile Image

Prakash Jasani (Expert)
22 July 2009 no it will not adjusted against income tax. u apply for a refund.
Profile Image

Randeep Singh

Profile Image

Randeep Singh (Expert)
22 July 2009 Sorry Mr. Prakash,
It has been decided that it w'ld be adjusted against I.Tax & only for companies in losses it w'ld be refunded.
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
22 July 2009 Yes. I do agree with Mr.Randeep Singh. Advance FBT paid shall be treated as Advance Income Tax Paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details