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Query regarding F.B.T

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(Querist)
14 June 2008 If a company owns a car expenditure related to that car is attracted for fbt
but in the case where the company hie a car whether the hire charges & expenditure related ie petrol, maintenance is attracted for F.B.t
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AMIT DOSHI

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AMIT DOSHI (Expert)
14 June 2008 YES
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MANAS ROUT

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MANAS ROUT (Expert)
14 June 2008 only owned car are under fbt,expenditure incurred for hired & leased car is outside the purview of fbt.
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Azmathullah Khan

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Azmathullah Khan (Expert)
14 June 2008 Mr Amit is right.

Mr. Jaya & others even I have a question, when the staff is utilising the car, why fbt will not be calculated on hire charge.
afterall its a Frieng benifit utilising by the staff.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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