21 June 2008
whether expenses incurred on mobile is capital exp. or revenue and if it is revenue than FBT will be applicable or if it is capitalised than dep. on mobile will be taken for FBT calculation.
22 June 2008
I agree with Jitender, Depre will not be taken for Fbt purpose. Purchase of mobile has to be Capitalised and the expenses incurred on its usage would be revenue expense and is liable for fbt
23 June 2008
Dear The purchasing cost as well as dep.of the mobile is not liable to FBT but usage charges is covered under the preview of fbt. Dep. is liable to fbt only in case of motor car. Thanx
CAclubindia
