FBT On Inetrnet Charges
This query is : Resolved
12 February 2008
Sir,
Whether FBT is payble on Internet Charges of the Company booked under the group Telephone Expenses ?
Whether FBT is payble on Internet Charges of the Company booked under the group Telephone Expenses ?
jegannath G
(Expert)
12 February 2008
yes, It is covered under section 115WB(2)(J). the rate applicable 20%
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)
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.
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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