Is the FBT scrapped with immediate effect? no need to pay advance FBT any more for the financial year 2009-10?
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FBT scrapped with immediate effect?
Replies (2)
yes, FBT has been abolished wef Assessment year 2010-11 i.e. from current financial year itself.
i want to knw abt the tax treatment of FBT paid by employees nw
as i listen that now employees have to suffer
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