FBT ON PARKING OF MOTOR CAR

This query is : Resolved

Om Prakash Singh (Querist)
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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.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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03 April 2009 Yes. It should be treated as part of vehicle maintenance and should attract FBT automatically.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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03 April 2009 i dont think fbt is attracted

Taranjit Singh

Taranjit Singh (Expert)
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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.

Om Prakash Singh

Om Prakash Singh (Querist)
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04 April 2009 Hi Devanshi
What u think about parking charges for motor car

CA JAIMIN TRIVEDI

CA JAIMIN TRIVEDI (Expert)
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04 April 2009 FBT is attracted as any running expenses relating to motor car is included. It will be included in motor car expenses

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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06 April 2009 i think its not running and maintenance expense... so i dont think fbt will be attracted...

Deepak Ladda

Deepak Ladda (Expert)
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07 April 2009 Yes FBT is attracted as the act says repairs and maintenance & FBT has to be paid

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