The process includes 2 different aspects as statutory compliance, namely:
Estimation of FBT and remittance of the same to Central Government [banks] through Challan [ITNS 283], during the financial year.
Finalization of FBT, Preparation of FBT return and Submitting it in the respective form to Income Tax Department. [ITR-5, ITR-6, ITR-7 or ITR-8].
Towards smoothening these activities, STO - FBT software automates both the aspects and makes the user to be relaxed with Time..!! The software is designed by professionals, developed by high technology programmers and tested by Practicing Chartered Accountants and Tax Consultants throughout the country.