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FBT

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(Querist)
20 May 2010 What is the adjustments for the advance FBT paid in the first quarter of 2009-10
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GULAB SINGH

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GULAB SINGH (Expert)
20 May 2010 The FBT paid to be transferred to Advance tax paid account for the year and will be treated as advance tax paid and adjusted in the total Income Tax liability for the year.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 May 2010 Agree with the answer of Mr.Singh. Pl refer CBDT
CIRCULAR NO. 2/2010.
Dated 29/01/2010 in this regard.



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CMA RV Padmakumar.A

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CMA RV Padmakumar.A (Expert)
20 May 2010 Yes, advance FBT paid will treated as advance tax paid

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