Hi Everybody,
Can someone tell me whether a company can pay the liability of FBT in next year instead of the year in which liability arose(if they forgot)?
Is it possible as per IT Act? or any penalty involved?
Gurmet Siingh (Chartered Accountant) (413 Points)
01 October 2007Hi Everybody,
Can someone tell me whether a company can pay the liability of FBT in next year instead of the year in which liability arose(if they forgot)?
Is it possible as per IT Act? or any penalty involved?
MAHENDRA IYER
(SERVICE)
(315 Points)
Replied 01 October 2007
Ankit Dangayach
(Chartered Accountant)
(691 Points)
Replied 01 October 2007
Amit Sharma
(article)
(2677 Points)
Replied 26 December 2007
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