fbt and perquisites
This query is : Resolved
apurva agarwal
(Querist)
04 September 2008
an employee is being provided with a 1800cc car with driver for both official and private purpose. the assessee pays for the running and maintainance for the personal use of the car..
QUESTION is ...... why it is not exempt in the income of the assessee..
IT is included in the income of assessee
in the book as motar car
(Rs 600+600=1200*12==14400)
plz reply
QUESTION is ...... why it is not exempt in the income of the assessee..
IT is included in the income of assessee
in the book as motar car
(Rs 600+600=1200*12==14400)
plz reply
04 September 2008
THE AMOUNT MENTIONED ABOVE IS TO BE INCLUDED IN THE INCOME OF THE ASSESSEE IF THE EMPLOYER IS NOT LIABLE TO PAY FBT. PL REFER RULE 3(2) OF IT RULES,1962.
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
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Under marginal scheme
- Oct 2025 Invoices
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
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
