FBT on telephone
This query is : Resolved
25 March 2008
Sir since the FBT is liable only if employee is being benifited from the expenditure incured by employer.
In many cases it's very difficult to find out the exact proportion of his personal use ,say my company is paying my cell bill normally 1100/month. but it is being used by me for company business purpose as well as for my own purpose.
help me plz.
Thanks in advance.
In many cases it's very difficult to find out the exact proportion of his personal use ,say my company is paying my cell bill normally 1100/month. but it is being used by me for company business purpose as well as for my own purpose.
help me plz.
Thanks in advance.
25 March 2008
no ,u are wrong. because some benefits are deemed to be fringe benefits such as telephone, conveyance, travelling. the bi-furcation is not required as whole amount is liable to fbt.
26 March 2008
IT IS VERY DIFFICULT TO BIFURCATE SUCH EXPENDITURE FOR PERSONAL AND OFFICIAL USAGE ,THEREFORE ALL SUCH TYPE OF EXPENDITUTE WHO HAVE DUAL USAGE ARE COVERED UNDER FBT
26 March 2008
tahnks
26 March 2008
FBT IS LIABLE TO BE A TAX ON EMPLOYER FOR ALL DIRECT OR INDIRECT FRINGE BENEFITS PROVIDED TO THE EMLOYEE.
THERE IS NO NEED TO BIFURCATE THE PERSONAL OR OFFICIAL EXP .
TOTAL AMOUNT UNDER THE RESPECTIVE HEADS LIKE CONVEYANCE, TELEPHONE ETC..IS LIABLE FOR FBT .
R.V.RAO
THERE IS NO NEED TO BIFURCATE THE PERSONAL OR OFFICIAL EXP .
TOTAL AMOUNT UNDER THE RESPECTIVE HEADS LIKE CONVEYANCE, TELEPHONE ETC..IS LIABLE FOR FBT .
R.V.RAO
26 March 2008
I agree with the comments passed by our friends
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- FREELANCING ACCOUNTANT
- GST Form ADT-02
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS RATE ON RENT PAID TO NRI
- GST Department hearing
- For REQUIRE INDIVIDUAL GST
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
