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Q1 FBT TO BE TREATED AS ADVANCE TAX

By Harshal

The Central Board of Direct Taxes (CBDT) has put an end to the dilemma  which all the tax payers were having about advance payment of Fringe Benefit Tax. Many companies and other tax payers had paid their 1st installment of FBT. In July 2009 Finance Budget, the decision to abolish Fringe Benefit Tax was passed [...]