FBT ON PARKING OF MOTOR CAR
This query is : Resolved
Om Prakash Singh
(Querist)
03 April 2009
Dear Expert
what is treatment of parking charges paid for motor car. Whether it may be trated as motor car expenses and attract FBT.
what is treatment of parking charges paid for motor car. Whether it may be trated as motor car expenses and attract FBT.
CA. B.SRINIVASULU
(Expert)
03 April 2009
Yes. It should be treated as part of vehicle maintenance and should attract FBT automatically.
03 April 2009
i dont think fbt is attracted
Taranjit Singh
(Expert)
04 April 2009
The act provides this....
(m) repair, running and maintenance of motor cars;
So Parking chargs under running and maintenance will attract FBT.
(m) repair, running and maintenance of motor cars;
So Parking chargs under running and maintenance will attract FBT.
Om Prakash Singh
(Querist)
04 April 2009
Hi Devanshi
What u think about parking charges for motor car
What u think about parking charges for motor car
CA JAIMIN TRIVEDI
(Expert)
04 April 2009
FBT is attracted as any running expenses relating to motor car is included. It will be included in motor car expenses
06 April 2009
i think its not running and maintenance expense... so i dont think fbt will be attracted...
Deepak Ladda
(Expert)
07 April 2009
Yes FBT is attracted as the act says repairs and maintenance & FBT has to be paid
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- 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?
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
