perquisite in respect of motor car
This query is : Resolved
CA Vijeta Verma
(Querist)
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??
VINOD ARORA
(Expert)
02 August 2010
The correct one is Rs1800 pm where car's capacity is below 1600cc & Rs 2400 for above 1600cc.
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