hiring CHARGES FOR VEHICLE
This query is : Resolved
Muthu Aravind
(Querist)
28 June 2008
WHETHER HIRING CHARGES FOR VEHICLE INCLUDED IN FBT 115WB(2)(H)?.....PLS EXPLAIN ME
CA Anand Sarda
(Expert)
28 June 2008
9. Motor Car Expenses:
Inclusions:
? Car- hires charges for employees, visitors
and outsiders.
? Driver salary for car given to employees
and directors
? Petrol and diesel expenses for cars given
to employees and directors
? Car lease and insurance charges
? Depreciation as per taxation requirement
? RTO tax paid
? Expenditure by way of interest on loan
taken for purchase of car
Exclusion:
? All expenses relating to bikes, buses,
cycles, tractors.
? Salary of pool car drivers
? Initial RTO tax paid
? The buses/coaches used at airports to take passengers to the aircraft will not
be covered
? Garage/parking charges
Inclusions:
? Car- hires charges for employees, visitors
and outsiders.
? Driver salary for car given to employees
and directors
? Petrol and diesel expenses for cars given
to employees and directors
? Car lease and insurance charges
? Depreciation as per taxation requirement
? RTO tax paid
? Expenditure by way of interest on loan
taken for purchase of car
Exclusion:
? All expenses relating to bikes, buses,
cycles, tractors.
? Salary of pool car drivers
? Initial RTO tax paid
? The buses/coaches used at airports to take passengers to the aircraft will not
be covered
? Garage/parking charges
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