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Fbt applicability

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Guest (Querist)
12 August 2011 Is FBT applicable on Car-Depreciation.

if Yes/not Please tell me why ?
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CMA. Murali

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CMA. Murali (Expert)
12 August 2011 It is applicable for Specified Assessee u/s 17(2)(iii) only.

For more details refer to the link below

http://www.simpletaxindia.org/2009/12/valuation-of-motor-car-perquisities-ay.html

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