FBT
This query is : Resolved
20 May 2010
What is the adjustments for the advance FBT paid in the first quarter of 2009-10
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.
20 May 2010
Agree with the answer of Mr.Singh. Pl refer CBDT
CIRCULAR NO. 2/2010.
Dated 29/01/2010 in this regard.
CIRCULAR NO. 2/2010.
Dated 29/01/2010 in this regard.
CMA RV Padmakumar.A
(Expert)
20 May 2010
Yes, advance FBT paid will treated as advance tax paid
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