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FBT

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17 November 2010 Details regarding Calculation Of FBT Interest U/S 115WK
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 November 2010 1. If return of FBT is filed after the due date, and if there is FBT liability, interest @1% per month or part of a month's delay has to be paid till the date of filing the return.
2. If no return is furnished, interest as above shall be paid till the date of completion of assessment under section 115WF.
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