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FBT on Internet Charges
Can FBT will be payble on Internet Charges paid by the company on connections installed in the office ,under the head Telephone Expenses?
Replies (14)
Hi siva... FBT will not come for internet charges because internet means that is leased line connection, which is specifically excluded from FBT provisions.
thanks
It falls under leased lines, hence not falling under the clause of FBT hence exclude.....
Internet Charges doesnot fall within the ambit of FBT.
Yes, it is covered under FBT since the same can used both for telephone and for the purposes of internet. Covered under "Use of Telephone" head of FBT.
FBT WILL NOT BE PAYABLE ON INTERNET CHARGES.
send me ur email address, i will send u a scanned copy of Section 115WB(2)(J).
MY email is dinesh757 @ rediffmail.com
Yes.FBT is payable on all Tel/Fax/Internet charges. This is not leased line.
I suppose its Yes . but after seeing the ans posted it hasconfused me .Their is no uniformity in the ans. I request to look in to the matter so as to get a confirm n uniform ans
FBT is not levied on internet charges
Pl. send us details regarding use of internet and it's applicability under FBT Sec 115 w b (2)(j)
Hi,
FBT is payable on internet and FAX if they are used for calling
if internet is used only for surfing then fbt is not payable
but if client uses it for calling and surfing both, then either they maintain record of usage otherwise will pay fbt on whole expense
I think you guys are cleare now
Fbt will be payable on internet charges.
| Originally posted by :O.D.SHARMA | ||
| " | Yes.FBT is payable on all Tel/Fax/Internet charges. This is not leased line. | " |
True, FBT is to be paid.
FBT is not payable only in case of LEASED TELEPHONE line iapart from that any other communication expenses called by diff name is liable to FBT as per sec 115WB(j) and circular 8/2005.
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