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.
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Deepak Goel
(Expert)
16 April 2009
I am agree with Mr. Somani
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21 April 2009
maintenance
Message likes :
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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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