Car is hired for employee n also reimbursed driver's salary
This query is : Resolved
13 July 2012
Hi All!
Good morning.
Can you please advise how to calculate Car Perquisite value in the following case:
The company has hired a car from the contractor (without driver) (Rs. 25000/- p.m.) for the employee which is used partly for official and partly for private purpose by the employee. The Employee has hired a driver at his own and paying salary of Rs. 10000/- to the driver which is reimbursed by the company to the employee.
Thanks in advance.
Ramesh
Good morning.
Can you please advise how to calculate Car Perquisite value in the following case:
The company has hired a car from the contractor (without driver) (Rs. 25000/- p.m.) for the employee which is used partly for official and partly for private purpose by the employee. The Employee has hired a driver at his own and paying salary of Rs. 10000/- to the driver which is reimbursed by the company to the employee.
Thanks in advance.
Ramesh
13 July 2012
Value of perquisite:
=Rs(1800+900) or (2400+900) ( for >16 CC engine 2400)
=Rs(1800+900) or (2400+900) ( for >16 CC engine 2400)
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
