fbt
This query is : Resolved
20 October 2009
if advance for fbt is not paid how is the interest calculated for it
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.
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.
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.
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.
21 October 2009
Yes but interest @ 1% p. m. on the shortfall
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
