perquisite in respect of motor car
This query is : Resolved
02 August 2010
as per the latest edition of vk singhania
(1)where caR IS OWNED BY EMPLOYEE & is used partly for official purpose & partly for private
& expenses are met by employer
then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
(2)where car is owned by employer but expenses are met by employee
then then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
BUT AS PER PADHUKA THIS LIMIT IS
BELOW 1600CC RS1200pm+600pm(DRIVER)
ABOVE 1600CC RS1600pm+600pm(DRIVER)
which is the correct one??
(1)where caR IS OWNED BY EMPLOYEE & is used partly for official purpose & partly for private
& expenses are met by employer
then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
(2)where car is owned by employer but expenses are met by employee
then then amount to be deducted w.r.t official purpose is Rs1800pm where car's capacity is below 1600cc & 2400 for above 1600cc & Rs900 pm for driver.
BUT AS PER PADHUKA THIS LIMIT IS
BELOW 1600CC RS1200pm+600pm(DRIVER)
ABOVE 1600CC RS1600pm+600pm(DRIVER)
which is the correct one??
02 August 2010
The correct one is Rs1800 pm where car's capacity is below 1600cc & Rs 2400 for above 1600cc.
Message likes :
1 times
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
