Liability of FBT

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..... Liability of FBT
Query (Issue) Started By: - vipin mittal Dated:- 10-7-2009 Last Reply Date:- 17-7-2009 Income Tax
Got 3 Replies
Income Tax
Are we liable to pay FBT after abolishment news .....

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..... comes in budget 2009 for the F.Year 2009-10. Reply me if you have a clear notification or advice to me do or not. Reply By Dinesh Gupta: The Reply: Yes, FBT has been removed from financial year 2010 .....

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..... -2011 only Reply By Surender Gupta: The Reply: FBT provisions have been abolished from assessment year 2010-2011. I think Mr. Dinesh Gupta has inadvertently mentioned "financial year" instead of "asse .....

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..... ssment year." Reply By Rama Krishana: The Reply: FBT has been abolished with effect from financial year 2009-2010. FBT deposited in advance - government is considering modalities to give the benefit o .....

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..... f such amount. Option 1 - FBT deposited till date would be refunded to the assessee. Option 2 - FBT deposited would be treated as advance tax and to be adjusted with the routine income tax liability o .....

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..... r advance tax liability of the corporate. Let us wait for the appropriate clarification and / or amendment in this respect.
Discussion Forum - Knowledge Sharing .....

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