Query regarding F.B.T

This query is : Resolved

jayaprakash (Querist)
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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

AMIT DOSHI

AMIT DOSHI (Expert)
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14 June 2008 YES

MANAS ROUT

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

Azmathullah Khan

Azmathullah Khan (Expert)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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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