Fringe Benfit Tax
This query is : Resolved
12 August 2008
i would like to know about what is the procedure to pay advance tax for the AY 2009-2010? when we have to pay the Fringe Benfit Tax amount ? at the end of the year or as like advance tax provisions? is there any new notification or circular on this issue?
CA Abhishek Tyagi
(Expert)
12 August 2008
Hi Amarnath,
From the AY 2008-09 onwards, FBT have to be paid in advance just like advance tax provisions. Just tell me ur email id . I will send you the relevant portion regarding this.
From the AY 2008-09 onwards, FBT have to be paid in advance just like advance tax provisions. Just tell me ur email id . I will send you the relevant portion regarding this.
CA Abhishek Tyagi
(Expert)
12 August 2008
The time limit is same as applicable in case of advance tax: on or before 15th June not less than 15 % of tax liability , on or before 15th september 45% of tax liability,on or before 15th December 75 % of tax liabiliyt & on or before 15th March 100 % of liability.
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