|
The Central Board of Direct Taxes had, vide its Order u/s 119 of the Income-tax Act, 1961, of even number dated 18.7.2005 directed that in respect of payment of first installment of advance fringe benefit tax which was due for payment on or before 15th July, 2005, interest shall not be charged on the delayed payment of the same upto 15th August, 2005. In order to provide some more time to the taxpayers to familiarize themselves with the practices and procedure of payment of this tax, it has now been decided that interest shall not be charged if the first installment of advance fringe benefit tax is paid on or before 31st August, 2005.
BSC/BY/GN-298/05
|
