car petrol expenses
This query is : Resolved
10 February 2009
what are the implications of car petrol expense paid by employer on the car which bleongs to the employee (i.e car is not provided by the employer).
1 Offical use
2 Personal use
3 Both for Offical & Personal use
Please tell me the implication of income tax & FBT as far as above expenses is concerned.(what are the documents that shouid be attached to take the tax benefit).
1 Offical use
2 Personal use
3 Both for Offical & Personal use
Please tell me the implication of income tax & FBT as far as above expenses is concerned.(what are the documents that shouid be attached to take the tax benefit).
10 February 2009
in all the cases it is liable to FBT , unless the employer is individual.
11 February 2009
Thanks for replying ,Please tell me what are the implications on the income tax of employee & what proofs employee has to give for that purpose.
26 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
