F.B.T.
This query is : Resolved
05 May 2009
do we consider depreciation on car while getting to the amount of total expense on which F.B.T. is payable..??
Manmohan ACA, CS
(Expert)
05 May 2009
No
CA Nitin Wadhwani
(Expert)
05 May 2009
Yes.
Depreciation as per Income Tax Act is to be added while calculating FBT on repairs , running and maintainence of motor cars.
Depreciation as per Income Tax Act is to be added while calculating FBT on repairs , running and maintainence of motor cars.
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