banner_ad

fbt

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 October 2009 if advance for fbt is not paid how is the interest calculated for it
Profile Image

Sreedhar Atchutuni ACA,GradCWA

Profile Image

Sreedhar Atchutuni ACA,GradCWA (Expert)
21 October 2009 FBT has been removed from FY 2009-10.

If your query relates to FY 2008-09 then simple interest @ 1% on the short fall for every month or part of the month for which the short fall continues.
Profile Image

CA SANJAY MUKHERJEE

Profile Image

CA SANJAY MUKHERJEE (Expert)
21 October 2009 Agree with expert.

Just want to add that interest will be payable for non payment of advance FBT and also for non conforming the payment pattern during the due dates. It's almost similar like Sec 234B and 234 C.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
21 October 2009 Yes but interest @ 1% p. m. on the shortfall
Profile Image

R.kathiresan

Profile Image

R.kathiresan (Querist)
21 October 2009 thank you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

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 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details