banner_ad

Perquisites

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 June 2011 Dear Sir,

In case of car perquisite valuation, if the car is owned by employee and used wholly for official purpose, there is no perquisite.

Now, if I incur say Rs. 50000/- during the month on petrol & maintenance and company pays me Rs.36000/- as petrol and maintenance allowance and my usage of car for company purpose (in terms of value in kms calculated at average rate) is Rs. 40000/-, can I say that I have used company car fully for official purpose since, my expenses on car used for company purpose has exceeeded my allowance received from company.

Kindly advise at the earliest.
Profile Image

CA MANOJ GUPTA

Profile Image

CA MANOJ GUPTA (Expert)
08 June 2011 IF UR COMPANY PAYS U PETROL ALLOWANCE THEN ENTIRE ALLOWANCE SO PAID IS TAXABLE

CA MANOJ GUPTA
JODHPUR
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details