FBT rate for Car Hire
This query is : Resolved
Ravi Kiran
(Querist)
06 December 2008
Dear Sir,
Our marketing people travel to various states for marketing of our product where they locally hire car while they are on tour
We receive the separate bill for this car hire charges from the vendor
I want to know what is the FBT rate applicable on this expenditure
Regards
Ravi Konda
Our marketing people travel to various states for marketing of our product where they locally hire car while they are on tour
We receive the separate bill for this car hire charges from the vendor
I want to know what is the FBT rate applicable on this expenditure
Regards
Ravi Konda
Rajdeep Pawar
(Expert)
06 December 2008
Value of Fringe Benefit in this case will be 5%.
CA. AMIT AGARWAL
(Expert)
06 December 2008
5% under Tours & travels (Incld foreign travels)
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