Urgent Query regarding FBT

Dear Friends

Can anybody tell me the amendment in FBT from 1-4-2010

it means in 2009-2010 (i.e. 1-4-2009 to 31-3-2010) we have to

calculate it for all year or Ist quarter only.

It will be terminated from 1-4-2010

Is it. or any other notification

Please guide because one of my friend is accountant in any

partnership firm and he says that from Ist Quarter of 2009 that

is 1-4-2009 to 30-6-2009 there is no FBT calculation on related

expenses and he puts as much as expenses to that heads that

which he use to ignore earlier.

Please guide.

Replies (5)

FBT Abolished wef 01.04.2009. It means in financial year 2009-10 no FBT shall be calculated or deposited. In case anybody have calculated and deposited the FBT, the situation will create problem for him. In this case,  FBT paid shall be treated as advance income tax paid for for FY 09-10. But no clarification from the department has been issued yet. In my opinion, stop depositing FBT now, and wait for any clarification wrt the FBT already deposited for FY 2009-10.

FBT is withdraw from 01.04.09

FBT is abloished with effective from 1.4.2009 and if u had paid 1st installment then u can claim refund. but clarification from IT department is still awaited.

fbt has been terminated w.e.f. 1-4-2009. So there is no need to calculate fbt from 1-4-2009

 

no need 2 calculate FBT from 1-4-09 coz it has been abloished

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details