fbt and perquisites

This query is : Resolved

apurva agarwal (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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