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Doubt

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(Querist)
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.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
16 April 2009 It would be loable to FBT to the extent personal use. So better to park it to vehicle maintanance.
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Deepak Goel

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Deepak Goel (Expert)
16 April 2009 I am agree with Mr. Somani
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
21 April 2009 maintenance
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taxindiaconnect

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taxindiaconnect (Expert)
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.
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