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FBT On Inetrnet Charges

This query is : Resolved 
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(Querist)
12 February 2008 Sir,
Whether FBT is payble on Internet Charges of the Company booked under the group Telephone Expenses ?
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jegannath G

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jegannath G (Expert)
12 February 2008 yes, It is covered under section 115WB(2)(J). the rate applicable 20%
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Praveen Babu

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Praveen Babu (Expert)
12 February 2008 if it is a leased line it is not covered under FBT.But if it an ordinary one then it is covered under 115wb(2)(j)
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Amit Sharma

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Amit Sharma (Expert)
12 February 2008 Dear Jegannath G,

Internet charges means leased line.

According to section 115WB(2)(J) says that leased lines does not fall into that braket, hence proving that there will be NO FBT CHARGED ON LEASED LINES.

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