Hidden Costs Of MTNL Triband

  • Thread starter Thread starter dearashwin
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I have a 350watt SMPS and a 17inch CRT monitor. Plus the usual peripherals. Does it mean that my CPU consumes 350 watts continuously irrespective of the actual consumption by the components or does it mean that it can take a load upto 350 watts but only uses up what is required by the various components?
 
Originally posted by netfreak@Sep 27 2005, 07:58 PM
It might be the case if you use it for business, or it it is paid for by the employer (in that case it might attract FBT).

If you are a  salaried employee and paying for it from your own pocket then you do not have to worry about any tax issue.
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Actually, is seems dearashwin has had his accountant put up the phone bill as 'legitimate expenditure' under heading of 'business expenditure'. This is where the ITO is going to question the veracity of the bill and going to disallow this expenditure. So he cannot take this expense as deduction from his gross income. Therefore this expenditure gets added back to gross income and taxed accordingly at the relevant slab rate of 30% or whatever. However, if proper presentation is made to show that most of the phone bill arises out of 'business requirement', then upto 60% value is granted as legitimate business expense and the amount is 'not taxed'.

This is not an issue with most home / individual users and its not fair for dearashwin to add 40% tax to represent the actual cost of the broadband service.

Best wishes.
 
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