FBT
This query is : Resolved
Anil Batheja
(Querist)
01 August 2010
If a company has paid FBT for financial year 09-10 as the company was not aware of withdrawal of FBT from financial 09-10, whether the company can treat as advance tax paid? If yes please tell the related notification or circular?
CA. Pradeep Nayak
(Expert)
01 August 2010
Refer Circular NO 2/2010, Dated: January 29, 2010 which states that Advance FBT paid shall be treated as advance tax paid for income tax for FY 2009-10.
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