Car Facility
This query is : Resolved
05 March 2008
1.Employer owned Car Facility provided to employee and exp incured(Maintannce+Car Driver) by employee,can employee dudcut Maintannce+Car Driver expnses form Gorss Salary to arrive Taxable Salalry?
2.Is anything different if employer hire such car?
2.Is anything different if employer hire such car?
05 March 2008
MAINTENANCE + CAR DRIVER EXPENSES CANNOT BE DEDUCTED FROM SALARY.
CA. Kirti S. Ganatra
(Expert)
05 March 2008
There is no extra deduction in Salary Income except provided in Section 10
CA J M Pattanayak
(Expert)
07 March 2008
Hi Sarvesh . Thats not possible to deduct the expenses from Salary.
If employer owns the car and gives to employee then it has to pay FBT on the expenses.
If it is hired then no special transaction required.
If employer owns the car and gives to employee then it has to pay FBT on the expenses.
If it is hired then no special transaction required.
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