FBT under the head repair running( incl. fuel), maintenance
This query is : Resolved
25 March 2008
Sir please let me clear on this head say if i hav a car which is wholy used for business purpose. What will be the consequences.
If u have any other matter which can give me edge in this topic, plz provide the same.
If u have any other matter which can give me edge in this topic, plz provide the same.
25 March 2008
petrol exp of car, dep under IT act, insurance , hiring of car etc are covered under this head.
26 March 2008
ANY EXPENDITURE INCURRED IN RELATION TO MAINTENANCE OF CAR FORMS PART OF FBT .IT INCLUDES PETROL ,INSURANCE,DEPRICIATION.
26 March 2008
Sir but since there is no benifit accruing to employee from car, why should employer pay FBT
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