i fail to pay FBT for the Third Qtr As i was not register for Direct online taxes through bank & i will pay the Tax in the month of Feb 2009 than how much penalty i has to pay can any one tell me
Thx
Sitaram
Menu
Penalty
Replies (2)
Mr.Sitaram, I guess you are talking about payment of Advance FBT in instalments. The penalty would be in the form of interest. The calculation of such interest is the same as interest u/s.234 C.
You have to pay 1% interest per month of delay.
FBT advance tax has to be paid u/s115WJ, otherwise interest should to be remitted to the Government.
Recent Topics :
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
Related Topics :
CAclubindia
