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?
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FBT Payment in next year
Replies (3)
Payment can made alongwith interest as calculated under section 115WJ (3) to (5).
PAYMENT CAN BE MADE ALONG WITH INTEREST
Interest amount will have to be over and above actual FBT liability
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