TaxTMI 
TaxTMI 
Liability of FBT
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....iability of FBT<br> Query (Issue) Started By: - vipin mittal Dated:- 10-7-2009 Last Reply Date:- 17-7-2009 Income Tax<br>Got 3 Replies<br>Income Tax<br>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 "asses....
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....sment 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 of....
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.... 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 or....
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.... advance tax liability of the corporate. Let us wait for the appropriate clarification and / or amendment in this respect.<br> Discussion Forum - Knowledge Sharing ....