Doubt
This query is : Open
16 April 2009
HI,
Vehicle is not owned by coy. But petrol expenses reimbursed to directors for their own car used for official and personal use. where to account this exp. in vehicle maint. or Local conv.
Vehicle is not owned by coy. But petrol expenses reimbursed to directors for their own car used for official and personal use. where to account this exp. in vehicle maint. or Local conv.
16 April 2009
It would be loable to FBT to the extent personal use. So better to park it to vehicle maintanance.
Message likes :
1 times
16 April 2009
I am agree with Mr. Somani
Message likes :
1 times
21 April 2009
maintenance
Message likes :
1 times
01 May 2009
The entire expenditure either personal or officeial on petrol, maintanance would be taxable under FBT. No use of changing the expense head.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Long Term Service award taxability in hands of company
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
