https://www.taxtmi.com/article/detailed?id=512 Advance tax liability for fringe benefit tax is governed by the general provision that advance tax is payable only when the tax payable for the year reaches the statutory threshold; the FBT chapter provides for advance payment and interest for short or non-payment but does not exclude application of the general threshold, so an assessee with FBT liability below the threshold need not pay instalmental advance FBT and is not liable for instalment-interest provisions when tax is paid by self-assessment. en-us Thu, 01 Oct 2009 00:00:00 +0530 Thu, 01 Oct 2009 18:55:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=512 Advance tax liability for fringe benefit tax is governed by the general provision that advance tax is payable only when the tax payable for the year reaches the statutory threshold; the FBT chapter provides for advance payment and interest for short or non-payment but does not exclude application of the general threshold, so an assessee with FBT liability below the threshold need not pay instalmental advance FBT and is not liable for instalment-interest provisions when tax is paid by self-assessment. Articles Income Tax Thu, 01 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=512