Fringe Benefit Tax
This query is : Resolved
shanmuganandam
(Querist)
18 May 2010
IT Return in Form No.5 filed for the a.y.2008-09 declaring value of FBT as Rs.18790/- and claim for refund of FBT tax paid. Assessing Officer passed an intimation u/s 115WE in June 2009 and assessee recd the same in March 2010 fixing the value of FBT at 35701/- and demanded further tax. Is it possible to file a petition u/s 154 of the Act or other remedies.
18 May 2010
YES IT IS POSSIBLE TO FILE PETITION U/S154.
TIME LIMIT IS FOR YEARS.
TIME LIMIT IS FOR YEARS.
Message likes :
1 times
18 May 2010
can you tell me how the assessee recd the same after so many years?
And 154 is not a petition. its a rectification of mistake for the demand by AO. so if u think the value u/s 115E is calculated wrong than you can file it. Better you do it or else the interest is gonna very high.
And 154 is not a petition. its a rectification of mistake for the demand by AO. so if u think the value u/s 115E is calculated wrong than you can file it. Better you do it or else the interest is gonna very high.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
