banner_ad

Perqusite

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 March 2010 Query :- If a Car purchased in the name of Employee & Co. Pays EMI for that , then what will be its tax treatment.
Whether it should be included in Gross salary in Form 16.Please rply in detail

Thanks
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
09 March 2010 if car is in employee name then sure it will be clubbed in his salary as perqusites. As this was employee responsibility which company is paying. it will be added in form 16
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
09 March 2010 Yes.It is taxable perquisites for employee need to add taxable salary
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


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 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details