ADVANCE FBT PAID TO BE ADJUSTED AGAINST I-T
The Central Board of Direct Taxes (CBDT) has decided that any installment or advance tax paid in
respect of fringe benefits for assessment year (AY) 2010-11 would be treated as advance income-tax paid by the assessee for AY 2010-11.
respect of fringe benefits for assessment year (AY) 2010-11 would be treated as advance income-tax paid by the assessee for AY 2010-11.
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