Refund of FBT

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..... Refund of FBT
Query (Issue) Started By: - Manikandan R Ramasamy K Dated:- 7-8-2009 Last Reply Date:- 8-8-2009 Income Tax
Got 2 Replies
Income Tax
Now the fringe benefit tax has been withd .....

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..... rawn for the asst year 2010-11. But we have remitted amount under fringe benefit tax for the Ist quarter of the FY 2009-10. Kindly inform me whether this tax is refundable. Reply By DEV KUMAR KOTHARI .....

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..... : The Reply: Yes, it is refundable. Few dasy ago ther was news in ET that FM will intoruduce mechanism for refund. However, an application for refund with interest can be submitted immediately. Repl .....

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..... y By Mukesh Kumar: The Reply: I agree with the view of Mr. Dev Kumar Kothari, you should file an application for refund. But alternatively you may wait some time preheps, government would come out wit .....

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..... h some clarification and allow the adjustment of FBT with regular tax.
Discussion Forum - Knowledge Sharing .....

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