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Car Facility

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(Querist)
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?
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
05 March 2008 MAINTENANCE + CAR DRIVER EXPENSES CANNOT BE DEDUCTED FROM SALARY.
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Expert)
05 March 2008 There is no extra deduction in Salary Income except provided in Section 10
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CA J M Pattanayak

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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.
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