tax date

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guest

student

41 Points Posted on 12 March 2009

what is the date of paying tax of followings ? assessment year 2008-9

1) income tax

a) company

b) individual

c) sole proprieter

d) partnership firm

2) vat

3) excise duty

What is the rate of fringe benefites tax , who is liable to pay and when and which form is submitted please tell procedure ?

Thanks

Replies (3)

deepak K Gujrati

CA-practice

942 Points Posted on 13 March 2009

The tax required to be paid in the following form:

1.by payment of advance tax

2. by paying self assessment tax

3. by deduction of TDS on income

Return has to be filed after payment of due tax. due date of filing of return is :

For assessee not requiring any compulsory audit i.e Tax Audit u/s 44AB or Company audit are required to file return before 31st July and the other assessee it is upto 30th september, The return can be filed late also with interest. However it may attract penalty clauses also.

So for as FBT is considered it is also required to be paid before filing of return. The rate of FBT is 30% plus cess and surchage where applicable. It is not applicable for sole proprietorship or individual assessees.

deepak K Gujrati

CA-practice

942 Points Posted on 13 March 2009

Originally posted by :guest
"	what is the date of paying tax of followings ? assessment year 2008-9 1) income tax a) company b) individual c) sole proprieter d) partnership firm 2) vat 3) excise duty What is the rate of fringe benefites tax , who is liable to pay and when and which form is submitted please tell procedure ? Thanks	"