If A.O disallows expenditure u/s 143(3) on account of excessive nature or personal nature, if FBT is already paid on that expenditure.Can assessee claim refund for FBT already paid ?
Thanks
Menu
FBT
Replies (3)
See,
As far there is no case decided on the issue what happened if expenditure on which FBT has been deducted has been disallowed.
But As far as I am thinking that assessee can claim for the refund of FBT as if he does so. He deemed to do such work which clarrifies that he has tried to concelled the income therefore he should be punshiable with penalty too.........
yes u can claim for FBT in next Assessment Year.
Thanks,
Recent Threads
- TDS on DDA Flat Purchase
- Can CA Foundation be done without coaching
- Department issue notice to client to pay TC
- Income from profession less than 50 Lakhs
- Discover the Best CA Classes in Delhi for a Succes
- Is CA Foundation Compulsory for Becoming a Charter
- Setting CA practice.
- Difficulty in uploading itr3
- Gift received from Sister
- "off market credit transactions" mention
Related Threads
CAclubindia
