TMI BlogLiability of FBTX X X X Extracts X X X X X X X X Extracts X X X X ..... Are we liable to pay FBT after abolishment news 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 = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Yes, FBT has been removed from financial year 2010-2011 only - Reply By Surender Gupta - The Reply = FBT provisions have been abolished from assessment year 2010-2011. I think Mr. Dinesh Gupta has i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nadvertently mentioned "financial year" instead of "assessment year." - Reply By Rama Krishana - The Reply = FBT has been abolished with effect from financial year 2009-2010. FBT deposited in advance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - government is considering modalities to give the benefit of such amount. Option 1 - FBT deposited till date would be refunded to the assessee. Option 2 - FBT deposited would be treated as advance ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x and to be adjusted with the routine income tax liability or advance tax liability of the corporate. Let us wait for the appropriate clarification and / or amendment in this respect. - Liability of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FBT - Query Started By: - vipin mittal Dated:- 10-7-2009 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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