Hi
Will purchase of mobile phones and telephone instruments attract FBT under Clause (J) of sec 115 WB(2)
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FBT on purchase of mobile phones
Replies (4)
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.
Abhinav is right. No capital expenditure is covered in FBT.
| 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.
Provision of FBT will not applicable on purchase of Telephone
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