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Allowance (Urgent)

This query is : Resolved 
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(Querist)
28 March 2011 Perquisite of Motor Car is exempt or taxable??
If exempt in which condition ??
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CA. Lohith Jagadeesh

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CA. Lohith Jagadeesh (Expert)
30 March 2011 Hi,

It is Taxable, Please refer to the Slabs given under Sec 17 - Valuation of Motor Car benefit.

Thank you,

Regards
CA. LOHITH.J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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