FBT ON BROADBAND
This query is : Resolved
09 September 2007
The employee is reimbursed his residential telephone bill by his company. The telephone is a broadband connection.
Whether the company is liable for FBT?
Whether the company is liable for FBT?
10 September 2007
Even though Internet is provided thru telephone, Telephone charges paid will be taken under Telephone charges category to charge FBT - Sec.115WB(2)(J).
Seggregate the bill into Telephone charges and Internet charges.
Telephone charges - Charge FBT @ 33.66% on 20% of such exp's.
In case not possible to seggregate - Tax on entire amount.
Seggregate the bill into Telephone charges and Internet charges.
Telephone charges - Charge FBT @ 33.66% on 20% of such exp's.
In case not possible to seggregate - Tax on entire amount.
10 September 2007
Yes it is liable to FBT . It is tough to seggregate to bills while FBT is chargable on presumptive basis . If you have decisive evidence of bills which is used for internet exclusively then you may get relief.
11 September 2007
In telephone bill, Internet charges will be separately given.
So, It's possible to seggregate in almost cases.
So, It's possible to seggregate in almost cases.
14 September 2007
Thanks for the clarification. In case of segregation of the bill, would internet charges be taxable as perquiste in the employee's hands.
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