mobile expenses
This query is : Resolved
21 June 2008
whether expenses incurred on mobile is capital exp. or revenue and if it is revenue than FBT will be applicable or if it is capitalised than dep. on mobile will be taken for FBT calculation.
21 June 2008
DO YOU MEAN THE COST OF PURCHASING A MOBILE...yes... it is a capital expenditure
21 June 2008
Depreciation will be taken as a Perquisite value for FBT
21 June 2008
Depreciation on the Mobile is the value to be taken for FBT....
22 June 2008
in my opinion,dep is will not be taken for fbt purposes.
22 June 2008
I agree with Jitender, Depre will not be taken for Fbt purpose. Purchase of mobile has to be Capitalised and the expenses incurred on its usage would be revenue expense and is liable for fbt
23 June 2008
Dear
The purchasing cost as well as dep.of the mobile is not liable to FBT but usage charges is covered under the preview of fbt.
Dep. is liable to fbt only in case of motor car.
Thanx
The purchasing cost as well as dep.of the mobile is not liable to FBT but usage charges is covered under the preview of fbt.
Dep. is liable to fbt only in case of motor car.
Thanx
23 June 2008
Purchase of Mobile is to be capitalised, no FBT on either purchase or for depreciation.
Only on the usage of mobile bill FBT have to paid.
Only on the usage of mobile bill FBT have to paid.
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