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FBT on Parking charges

This query is : Resolved 
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(Querist)
11 May 2009 If Parking charges paid for car,will it be attract in FBT?
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
11 May 2009 Yes. If it is a business expenditure then it shall be treated as vehicle running and maintenance expenses/tour and travelling expense, and will be covered in FBT accordingly.
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taxindiaconnect

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taxindiaconnect (Expert)
11 May 2009 Agreed with Tarun on this.
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