Hi
Will purchase of mobile phones and telephone instruments attract FBT under Clause (J) of sec 115 WB(2)
4 Replies
Abhinav Agarwal
(M.Com C.A SAP Consultant)
(814 Points)
Replied 26 February 2009
No. Act says "expenditure on Use of telephone including Mobile Phone"
Only expenses will be covered under FBT. If cellphone is provided by employer, the Dep chargeable on such will also not attract FBT.
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 26 February 2009
Abhinav is right. No capital expenditure is covered in FBT.
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 02 March 2009
| Originally posted by : SNEHASREE | ||
| " | Hi Will purchase of mobile phones and telephone instruments attract FBT under Clause (J) of sec 115 WB(2) |
" |
Yes, if Mobile Phone or Telephone instruments price is below Rs. 5,000/- and it is charged as indirect expenses.
Jagdish Bhalia
(Practicing CA)
(453 Points)
Replied 02 March 2009
Provision of FBT will not applicable on purchase of Telephone
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