FBT on Insurance charges for Motor Car - Income Tax Forum - Chartered Accountants India,Taxpayers, CAs India, CA india ,ICAI, Company Secretary ,CS, Cost Accountants, MBA, Finance Professionals

Pages : 1

There are 3 Replies to this message

Amod Suresh Nandgaonkar
CA FINAL Student
[ Scorecard : 44]

Posted On 08 July 2009 at 14:04

Report Abuse / Feedback

Note : The above form can be used to intimate the moderators regarding abuse of the platform.

Whether Insurance Charges paid for Motor Car comes under the purview of

"Repairs, running and maintenance of Motor Cars' for FBT purpose ?

RITESH KOTHARI
CHARTERED ACCOUNTANT
[ Scorecard : 639]

Posted On 08 July 2009 at 14:57

AND FROM AY 2010-11 FBT IS ABOLISHED

Aditya Maheshwari
CA
[ Scorecard : 4854]

Posted On 08 July 2009 at 20:59

From F. Y. 2009 - 10 FBT has been abolished. For earlier years it is applicable/

praveen
CA Final
[ Scorecard : 1421]

Posted On 09 July 2009 at 07:16

ya for the earlier years it was taxable.